Essays about: "closed-end fund"
Showing result 6 - 10 of 14 essays containing the words closed-end fund.
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6. Explaining the NAV Discount in REIT pricing - Evidence from the U.S.
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper investigates the relationship between stock price and net asset value (NAV) for 71 real estate investment trusts (REITs) in the U.S. between Q1/1998 and Q4/2018. More specifically, by testing for cointegration, we look for evidence of a long-term equilibrium between stock price and NAV. READ MORE
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7. The Closed-End Investment Company NAV Deviation Puzzle: What does the Industry Reveal?
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : This study of net asset value deviations ("NAV deviations") is conducted with a qualitative method to find explanations for NAV deviations by testing the entrenchment of current theories in Swedish investment companies. The study was conducted through a total of 15 interviews with representatives from investment companies, equity research analysts and fund managers. READ MORE
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8. Swedish Investment Companies and Behavioral Determinants of the Relative Valuation to NAV
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : The discount to Net Asset Value (NAV) in Swedish investment companies is a phenomenon that has been present for decades. This study aims to explain part of the discount valuation without taking firm-specific characteristics into consideration. Instead, we use several regression models where only market-wide behavioral arguments are used. READ MORE
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9. Investment Companies’ Discount Fluctuation on the Swedish Market : A statistical analysis regarding different micro- and macroeconomic factors influence on Swedish closed-end funds’ discount
University essay from IHH, Economics, Finance and StatisticsAbstract : Closed-end funds’ (CEF) discount and discount fluctuations have been puzzling researchers for decades. Up to date, there are no multidimensional or cross-sectional variables that have been proved to influence CEFs simultaneously. READ MORE
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10. The Discount Delusion - The Swedish Closed-End Fund Premium Puzzle
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : The final piece to the Closed-End Fund Puzzle has long eluded researchers and practitioners alike. Many attempts have been made in order to explain the existence of persistent discounts on their net asset values with varying results that sometimes outright contradict each other. READ MORE