Closed - end Country Funds and U . S . Market Sentiment
(주)코리아스칼라
- 최초 등록일
- 2023.04.05
- 최종 저작일
- 1993.12
- 42페이지/ 어도비 PDF
- 가격 9,300원
* 본 문서는 배포용으로 복사 및 편집이 불가합니다.
서지정보
ㆍ발행기관 : 한국국제경영학회
ㆍ수록지정보 : 국제경영연구 / 4권
ㆍ저자명 : James N . Bodurtha., Dong Soon Kim, Charles M . C . Lee
영어 초록
The premiums on closed-end country funds tend to move in tandem, but do not move together with premiums on domestic closed-end funds. After controlling for foreign maket fundamentals, changes in the stock price of country funds co-move with U.S. market returns, but changes in their net asset values do not. An index of changes in country fund premiums explains cross-sectional stock returns in the U.S. market, particularly for small firms. Collectively, these findings suggest U.S. stock prices are affected by market-wide sentiments which are reflected in closed-end country fund premiums.
참고 자료
없음
"국제경영연구"의 다른 논문
더보기 (5/10)