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Closed-End Investment Companies : Issues and Answers - Seth C. Anderson

Closed-End Investment Companies

Issues and Answers

Hardcover Published: 31st March 1992
ISBN: 9780792392293
Number Of Pages: 139

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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.

Preface
An Introduction to Investment Companies
A Brief History of Closed-End Investment Companies
Summary of the Hypothesized Factors for Closed-End Fund Discounts
Academic Studies
Explanation Summary of Discounts and Premiums
Conclusion
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780792392293
ISBN-10: 0792392299
Series: INNOVATIONS IN FINANCIAL MARKETS AND INSTITUTIONS
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 139
Published: 31st March 1992
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 24.13 x 15.88  x 1.27
Weight (kg): 3.86

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