目录
摘要………………………………………………………………………………………………………………. 2
关键词…………………………………………………………………………………………………………… 2
引言………………………………………………………………………………………………………………. 2
一、研究背景及意义……………………………………………………………………………………. 2
(一)研究背景…………………………………………… 2
(二)研究意义…………………………………………… 3
二、封闭式基金概述……………………………………………………………………………………. 3
(一)封闭式基金概念……………………………………… 3
(二)封闭式基金分类……………………………………… 3
三、折价原因的研究综述…………………………………………………………………………….. 4
(一)传统金融理论解释……………………………………. 4
(二)行为金融学的解释……………………………………. 5
四、折价影响因素多元逐步回归分析………………………………………………………….. 6
谢辞………………………………………………………………………………………………………………. 8
参考文献……………………………………………………………………………………………………….. 8
英文文献及翻译……………………………………………………………………………………………. 9
浅析封闭式基金的折价问题
摘要:封闭式基金折价交易现象是金融领域中的一个难解之迷,世界各国的经济学专家们试图从各种角度为这一奇异现象找出一个合理的解释,但至今都没有任何一种解释能够做到真正令人信服。综述了国外有关这方面的研究, 阐述有效市场理论与行为金融学对于封闭式基金折价之谜的解释,描述了我国封闭式基金折价现象的现状,并在此基础上,讨论了我国封闭式基金在各种条件下可能存在的投资机会。
关键词:封闭式基金;交易折价;溢价
Abstract: Closed-end fund discount phenomenon of trading in the financial sector is a Gordian fans, the world’s attempts to economics experts from a variety of angles for this strange phenomenon to find a reasonable explanation, but so far have not any kind of explanation, to be truly convincing. Overview of the research in this area of foreign explain the efficient market theory and behavioral finance for the closed-end fund discount puzzle explained, describing the phenomenon of China’s closed-end fund discount status, and on this basis, to discuss the closed-end funds in China conditions may exist in a variety of investment opportunities.
Keyword: Closed-end funds, Trade discount, Premium