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A Positive Theory of Closed-End Funds as an Investment Vehicle
16 references·2 citing·43 second hop
A Positive Theory of Closed-End Funds as an Investment Vehicle (2004)A Positive Theory of Closed-End Funds as …Liquidity Risk and Expected Stock Returns (2003)Liquidity Risk and Expected S…Noise Trading, Costly Arbitrage, and Asset Prices: Evidence from Closed‐end Funds (2002)Noise Trading, Costly Arbitra…Investor flows and the assessed performance of open-end mutual funds (1999)Investor flows and the assess…Risk Taking by Mutual Funds as a Response to Incentives (1997)Risk Taking by Mutual Funds a…The structure of mutual fund charges (1996)The structure of mutual fund …Of Tournaments and Temptations: An Analysis of Managerial Incentives in the Mutual Fund Industry (1996)Of Tournaments and Temptation…Costly Arbitrage: Evidence from Closed-End Funds (1996)Costly Arbitrage: Evidence fr…Another Puzzle: The Growth in Actively Managed Mutual Funds (1996)Another Puzzle: The Growth in…Risk Taking by Mutual Funds as a Response to Incentives (1995)Risk Taking by Mutual Funds a…Private benefits from block ownership and discounts on closed-end funds (1993)Private benefits from block o…Investor Sentiment and the Closed‐End Fund Puzzle (1991)Investor Sentiment and the Cl…Investor Sentiment and the Closed-End Fund Puzzle (1991)Investor Sentiment and the Cl…Anomalies: Closed-End Mutual Funds (1990)Anomalies: Closed-End Mutual …Asset pricing and the bid-ask spread (1986)Asset pricing and the bid-ask…The information content of discounts and premiums on closed-end fund shares (1978)The information content of di…THE VALUATION OF CLOSED‐END INVESTMENT‐COMPANY SHARES (1977)THE VALUATION OF CLOSED‐END I…Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers (2005)Portfolio Performance, Discou…A Rational Model of the Closed-End Fund Discount (2004)A Rational Model of the Close…Risk, Return, and Equilibrium: Empirical Tests (1973)On the Impossibility of Informationally Efficient Markets (1980)On Persistence in Mutual Fund Performance (1997)On the Timing Ability of Mutual Fund Managers (2001)Short-Term Persistence in Mutual Fund Performance (2004)Payoff complementarities and financial fragility: Evidence from mutual fund outflows (2010)The effect of bonus schemes on accounting decisions (1985)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Managerial Incentive Problems: A Dynamic Perspective (1999)The Geography of Investment: Informed Trading and Asset Prices (2001)Mutual Fund Flows and Performance in Rational Markets (2004)Asset Fire Sales (and Purchases) in Equity Markets (2005)The relationship between return and market value of common stocks (1981)The theory and practice of econometrics (1986)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Economic Forces and the Stock Market (1986)Dividend yields and expected stock returns (1988)Noise Trader Risk in Financial Markets (1990)Herding and Feedback Trading by Institutional and Individual Investors (1999)Retail Investor Sentiment and Return Comovements (2006)Does Academic Research Destroy Stock Return Predictability? (2015)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses (2000)Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)The General Theory of Employment, Interest and Money. (1936)Investor psychology in capital markets: evidence and policy implications (2002)Idiosyncratic Return Volatility, Cash Flows, and Product Market Competition (2008)Religious beliefs, gambling attitudes, and financial market outcomes (2011)Rank-Order Tournaments as Optimum Labor Contracts (1979)Rank-Order Tournaments as Optimum Labor Contracts (1981)Prizes and Incentives in Elimination Tournaments (1985)Mutual Fund Flows and Performance in Rational Markets (2002)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)On the Industry Concentration of Actively Managed Equity Mutual Funds (2005)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)Market Liquidity and Funding Liquidity (2008)A five-factor asset pricing model (2014)Has Financial Development Made the World Riskier? (2005)The Equity Share in New Issues and Aggregate Stock Returns (2000)Sports Sentiment and Stock Returns (2007)Individual Investor Trading and Stock Returns (2008)
this work references cited by second hop

References

  • 2003Liquidity Risk and Expected Stock Returns5,362 cited
  • 1986Asset pricing and the bid-ask spread5,087 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 cited
  • 1996Another Puzzle: The Growth in Actively Managed Mutual Funds2,093 cited
  • 1995Risk Taking by Mutual Funds as a Response to Incentives1,582 cited
  • 1991Investor Sentiment and the Closed-End Fund Puzzle1,508 cited
  • 1996Of Tournaments and Temptations: An Analysis of Managerial Incentives in the Mutual Fund Industry1,491 cited
  • 1991Investor Sentiment and the Closed‐End Fund Puzzle1,284 cited
  • 1996Costly Arbitrage: Evidence from Closed-End Funds801 cited
  • 1999Investor flows and the assessed performance of open-end mutual funds731 cited
  • 1977THE VALUATION OF CLOSED‐END INVESTMENT‐COMPANY SHARES372 cited
  • 1996The structure of mutual fund charges357 cited
  • 1993Private benefits from block ownership and discounts on closed-end funds259 cited
  • 2002Noise Trading, Costly Arbitrage, and Asset Prices: Evidence from Closed‐end Funds236 cited
  • 1990Anomalies: Closed-End Mutual Funds224 cited
  • 1978

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The information content of discounts and premiums on closed-end fund shares
207 cited

Cited by

  • 2004A Rational Model of the Closed-End Fund Discount23 cited
  • 2005Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers22 cited