An Analysis of Closed-end Fund Puzzle for Emerging Capital Markets

An Analysis of Closed-end Fund Puzzle for Emerging Capital Markets

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This paper analyzes the closed-end fund puzzle for an emerging capital market, respectively the Romanian one. Comparatively to more developed markets, as long as small markets are often very illiquid, it has to be used some specific valuation techniques in order to estimate the market values for clo...

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Bibliographic Details
Main Authors: Victor Dragota, Mihai Caruntu, Andreea Stoian
Format: Article
Language:English
Published: General Association of Economists from Romania 2008-10-01
Series:Theoretical and Applied Economics
Subjects:
closed-end funds
market efficiency
emergent capital markets
Romania
Online Access: http://store.ectap.ro/articole/340.pdf

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