Revisit Closed-End Fund Puzzles via Dynamic Capital Mobility
<p>A theoretic model based on the concepts of constrained arbitrage and capital mobility is proposed to interpret closed-end fund puzzles. Although a discount for a closed-end fund’s price relative to its net asset value (NAV) is more prevalent, our model never excludes the possibility of a pr...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2021-07-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/11373 |