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 auth...

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Autores:
Berggrun, Luis
Cardona, Emilio
Lizarzaburu Bolaños, Edmundo R.
Tipo de recurso:
Article of investigation
Fecha de publicación:
2021
Institución:
Colegio de Estudios Superiores de Administración
Repositorio:
Repositorio CESA
Idioma:
eng
OAI Identifier:
oai:repository.cesa.edu.co:10726/5044
Acceso en línea:
http://hdl.handle.net/10726/5044
https://doi.org/10.1108/JEFAS-04-2021-0035
Palabra clave:
Closed-end fund
Discount
Premium
Puzzle
Vector autoregressive models
Rights
openAccess
License
Abierto (Texto Completo)