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Closed-End Investment Companies

Issues and Answers

  • Book
  • © 1992

Overview

Authors:
  1. Seth C. Anderson

    1. Huntingdon College, UK

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    You can also search for this author in PubMed   Google Scholar

  2. Jeffery A. Born

    1. Northeastern University, USA

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    You can also search for this author in PubMed   Google Scholar

Part of the book series: Innovations in Financial Markets and Institutions (IFMI, volume 7)

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-x
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  2. An Introduction to Investment Companies

    • Seth C. Anderson, Jeffery A. Born
    Pages 1-6

  3. A Brief History of Closed-End Investment Companies

    • Seth C. Anderson, Jeffery A. Born
    Pages 7-14

  4. Summary of the Hypothesized Factors for Closed-End Fund Discounts

    • Seth C. Anderson, Jeffery A. Born
    Pages 15-26

  5. Academic Studies

    • Seth C. Anderson, Jeffery A. Born
    Pages 27-115

  6. Explanation Summary of Discounts and Premiums

    • Seth C. Anderson, Jeffery A. Born
    Pages 117-129

  7. Conclusion

    • Seth C. Anderson, Jeffery A. Born
    Pages 131-134

  8. Back Matter

    Pages 135-139
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Keywords

About this book

Closed-End Investment Companies (CEICs) were the dominant form of investment companies in the United States during the early part of this century, but interest in them declined after the 1929 stock market crash. Since 1985, however, there has been a significant revival of interest in CEICs.
A substantial amount of academic research has focused on the nature of closed-end funds, discounts and premiums, and on the share price behavior of these firms, which often results in the prices differing from the net asset value of the shares.
This book is designed for the academic researcher interested in CEICs and the practitioner interested in using CEICs as an investment vehicle. The authors summarize the evolution of CEICs, present the factors that cause CEIC shares to trade at different levels from their net asset values, provide a complete survey of the academic literature on this topic, and summarize the current state of research on CEICs.

Authors and Affiliations

  • Huntingdon College, UK

    Seth C. Anderson

  • Northeastern University, USA

    Jeffery A. Born

Bibliographic Information

  • Book Title: Closed-End Investment Companies

  • Book Subtitle: Issues and Answers

  • Authors: Seth C. Anderson, Jeffery A. Born

  • Series Title: Innovations in Financial Markets and Institutions

  • DOI: https://doi.org/10.1007/978-94-011-2962-6

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1992

  • Hardcover ISBN: 978-0-7923-9229-3Published: 31 March 1992

  • Softcover ISBN: 978-94-010-5315-0Published: 08 October 2012

  • eBook ISBN: 978-94-011-2962-6Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XI, 139

  • Topics: Finance, general

  • Industry Sectors: Biotechnology, Finance, Business & Banking

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