Deviations from fundamental value and future closed-end country fund returns

Deviations from fundamental value and future closed-end country fund returns

Purpose – This article examines whether deviations from fundamental value or closed-end country fund's discounts or premiums forecast future share price returns or net asset returns. Design/methodology/approach – The main empirical (econometric) tool is a vector autoregressive (VAR) model. The...

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Bibliographic Details
Main Authors: Luis Berggrun, Emilio Cardona, Edmundo Lizarzaburu
Format: Article
Language:English
Published: Emerald Publishing 2021-12-01
Series:Journal of Economics Finance and Administrative Science
Subjects:
closed-end fund
discount
premium
puzzle
vector autoregressive models
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g15
g23
g40
Online Access:https://www.emerald.com/insight/content/doi/10.1108/JEFAS-04-2021-0035/full/pdf?title=deviations-from-fundamental-value-and-future-closed-end-country-fund-returns

Internet

https://www.emerald.com/insight/content/doi/10.1108/JEFAS-04-2021-0035/full/pdf?title=deviations-from-fundamental-value-and-future-closed-end-country-fund-returns

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