Construct · 1 fields · 1 citations

closed-end fund puzzle: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Behavioral finance

the tendency of closed-end funds to trade at prices that differ from net asset value, with discounts that move with individual investor sentiment.

In behavioral finance, closed-end fund puzzle refers to the tendency of closed-end funds to trade at prices that differ from net asset value, with discounts that move with individual investor sentiment. This meaning comes from Lee (1991) in The Journal of Finance.[1]

Unit
Recovery means
Measured by

Run it through the Collider, or take the citations with you.

See how closed-end fund puzzle sits against neighbouring constructs in the Collider, or export every reference on this page in one click.

Open in Collider Export BibTeX Report this entry

Nearby constructs

sentiment6 fields · 15 citationsjingle · one name, six constructs asset2 fields · 2 citationsjingle · one word, two constructs value6 fields · 12 citationsjingle · one name, six constructs

References

Lee, C. M. C., Shleifer, A., & Thaler, R. H. (1991). Investor Sentiment and the Closed‐End Fund Puzzle. The Journal of Finance, 46(1), 75-109. https://doi.org/10.1111/j.1540-6261.1991.tb03746.x

Cited on this page?

Confirm your construct, or correct us.

If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.

Claim your construct