Title: THE VALUATION OF CLOSED‐END INVESTMENT‐COMPANY SHARES
Abstract: The Journal of FinanceVolume 32, Issue 3 p. 847-859 Article THE VALUATION OF CLOSED-END INVESTMENT-COMPANY SHARES Burton G. Malkiel, Burton G. MalkielPrinceton University. The author wishes to thank the association of Closed-End Investment Companies, and especially Malcolm Smith and Fred Brown, for support in gathering the data that made this study possible. I am also grateful to Stephen M. Goldfeld, Dwight Jaffee, Edward J. Kane, Richard E. Quandt, Michael Rothschild, and the members of the Stanford-Berkeley Finance Seminar for many helpful comments.Search for more papers by this author Burton G. Malkiel, Burton G. MalkielPrinceton University. The author wishes to thank the association of Closed-End Investment Companies, and especially Malcolm Smith and Fred Brown, for support in gathering the data that made this study possible. I am also grateful to Stephen M. Goldfeld, Dwight Jaffee, Edward J. Kane, Richard E. Quandt, Michael Rothschild, and the members of the Stanford-Berkeley Finance Seminar for many helpful comments.Search for more papers by this author First published: June 1977 https://doi.org/10.1111/j.1540-6261.1977.tb01993.xCitations: 158 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat REFERENCES Eugene F. Fama, "Efficient Capital Markets: A Review of Theory and Empirical Work". Journal of Finance, May 1970. 10.2307/2325486 Web of Science®Google Scholar Irwin Friend, Marshall Blume and Jean Crockett, Mutual Funds and Other Institutional Investors. McGraw-Hill, 1970. Google Scholar Michael C. Jensen, "Capital Markets: Theory and Evidence". Bell Journal of Economics and Management Science, Autumn 1972. 10.2307/3003029 Web of Science®Google Scholar M. H. Miller and F. Modigliani, "Dividend Policy, Growth and the Valuation of Shares", Journal of Business, Vol. 34, October 1961. Google Scholar Eugene J. Pratt, "Myths Associated with Closed-End Investment Company Discounts", Financial Analysts Journal, July-August 1966. 10.2469/faj.v22.n4.79 Google Scholar William F. Sharpe, Portfolio Theory and Capital Markets. McGraw-Hill, 1970. Google Scholar Hans R. Stoll, " Discounts and Premiums on Shares of Diversified Closed-End Investment Funds", Working Paper No. 11–73, Rodney L. White Center for Financial Research, University of Pennsylvania, 1973. Google Scholar Citing Literature Volume32, Issue3June 1977Pages 847-859 ReferencesRelatedInformation
Publication Year: 1977
Publication Date: 1977-06-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 334
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