The valuation of closed-end investment companies
This paper examines the proposition that fluctuations in discounts of closed-end funds in Singapore are driven by changes in management fees . The agency cost theory implies that higher management fees lead to higher discounts and that fluctuations in management fees causes discounts to fluctuate...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/63535 |