| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6851 |
| DP6851 Protecting Minorities in Binary Elections. A Test of Storable Votes Using Field Data | |
| Alessandra Casella; Andrew Gelman; Shuky Ehrenberg; Jie Shen | |
| 发表日期 | 2008-06-23 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Employing data from a new secondary market for hedge funds, this paper documents the existence of a closed-hedge fund premium, analogous to the closed-end mutual fund premium which has been extensively studied in the literature. Over the past decade, the two premia comove with one another at high and low frequencies, which is surprising given the numerous differences between the two markets. Rational theories put forward to explain the closed-end mutual fund premium are strongly supported as explanations for the variation in closed-hedge fund premia. These results are robust to correction for potential selection bias. |
| 主题 | Financial Economics |
| 关键词 | Alpha Closed-end funds Hedge funds Liquidity Secondary market |
| URL | https://cepr.org/publications/dp6851 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535716 |
| 推荐引用方式 GB/T 7714 | Alessandra Casella,Andrew Gelman,Shuky Ehrenberg,et al. DP6851 Protecting Minorities in Binary Elections. A Test of Storable Votes Using Field Data. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
