Open-ending a closed-end fund forces the price of the fund's shares to their net asset value.
Open-ending behavior is shown to correspond in predictable ways to the incentive to open-…

Closed‐end funds' discounts contain information in the sense that they can be used to
construct portfolios that earn returns exceeding those predicted by the two‐factor capital asset …

Results of tests contrasting tax-loss selling with intertemporal information variation as
explanations of the January seasonal in stock returns are reported. Closed-end fund shares …

… using the results from Brauer and Chang cited in note 7 above. Brauer and Chang reported
… Substituting these values from Brauer and Chang's sample of funds into the assumed-away …

The relationship between a bank's soundness and the set of factors evaluated by supervisory
agencies is so complex that the regulation of certain factors might have unintended …

Portfolios of stocks issued by small firms are well known to earn rates of return in excess of
those commensurate with their market sensitivities. One common explanation for this …

This paper examines the relative market value performances of two bonds which differ
primarily in the me-first protections they convey to their holders. The relative market value …

Book Reviews 1197 graphical materials and other inserts. The" International Finance in
Practice" boxes are also a plus. However, Shapiro does present a more integrated view of …

Some closed‐end country funds trade at large premiums relative to their net asset values.
This paper examines whether international investment restrictions raise country fund price‐net …

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