Matches in SemOpenAlex for { <https://semopenalex.org/work/W1964439038> ?p ?o ?g. }
- W1964439038 endingPage "2594" @default.
- W1964439038 startingPage "2571" @default.
- W1964439038 abstract "If arbitrage is costly and noise traders are active, asset prices may deviate from fundamental values for long periods of time. We use a sample of 158 closed‐end funds to show that noise‐trader sentiment, as proxied by retail‐investor flows, leads to fluctuations in the discount. Nevertheless, we reject the hypothesis that noise‐trader risk is the cause of the long‐run discount. Instead we find that funds which are more difficult to arbitrage have larger discounts, due to: (1) the censoring of the discount by the arbitrage bounds, and (2) the freedom of managers to increase charges when arbitrage is costly." @default.
- W1964439038 created "2016-06-24" @default.
- W1964439038 creator A5074198179 @default.
- W1964439038 creator A5088018293 @default.
- W1964439038 date "2002-12-01" @default.
- W1964439038 modified "2023-10-16" @default.
- W1964439038 title "Noise Trading, Costly Arbitrage, and Asset Prices: Evidence from Closed‐end Funds" @default.
- W1964439038 cites W1585165715 @default.
- W1964439038 cites W1972934933 @default.
- W1964439038 cites W1992353585 @default.
- W1964439038 cites W1997165835 @default.
- W1964439038 cites W2003401242 @default.
- W1964439038 cites W2009848283 @default.
- W1964439038 cites W2012129974 @default.
- W1964439038 cites W2027715114 @default.
- W1964439038 cites W2029099421 @default.
- W1964439038 cites W2035072243 @default.
- W1964439038 cites W2037336974 @default.
- W1964439038 cites W2040367403 @default.
- W1964439038 cites W2042651651 @default.
- W1964439038 cites W2050643653 @default.
- W1964439038 cites W2071283390 @default.
- W1964439038 cites W2073694122 @default.
- W1964439038 cites W2090386647 @default.
- W1964439038 cites W2092322244 @default.
- W1964439038 cites W2109159662 @default.
- W1964439038 cites W2132634337 @default.
- W1964439038 cites W2144738716 @default.
- W1964439038 cites W2155885325 @default.
- W1964439038 cites W3125447911 @default.
- W1964439038 cites W3125493359 @default.
- W1964439038 cites W4230206799 @default.
- W1964439038 cites W4241724032 @default.
- W1964439038 doi "https://doi.org/10.1111/1540-6261.00506" @default.
- W1964439038 hasPublicationYear "2002" @default.
- W1964439038 type Work @default.
- W1964439038 sameAs 1964439038 @default.
- W1964439038 citedByCount "197" @default.
- W1964439038 countsByYear W19644390382012 @default.
- W1964439038 countsByYear W19644390382013 @default.
- W1964439038 countsByYear W19644390382014 @default.
- W1964439038 countsByYear W19644390382015 @default.
- W1964439038 countsByYear W19644390382016 @default.
- W1964439038 countsByYear W19644390382017 @default.
- W1964439038 countsByYear W19644390382018 @default.
- W1964439038 countsByYear W19644390382019 @default.
- W1964439038 countsByYear W19644390382020 @default.
- W1964439038 countsByYear W19644390382021 @default.
- W1964439038 countsByYear W19644390382022 @default.
- W1964439038 countsByYear W19644390382023 @default.
- W1964439038 crossrefType "journal-article" @default.
- W1964439038 hasAuthorship W1964439038A5074198179 @default.
- W1964439038 hasAuthorship W1964439038A5088018293 @default.
- W1964439038 hasConcept C106159729 @default.
- W1964439038 hasConcept C142450864 @default.
- W1964439038 hasConcept C144133560 @default.
- W1964439038 hasConcept C149782125 @default.
- W1964439038 hasConcept C160623529 @default.
- W1964439038 hasConcept C162324750 @default.
- W1964439038 hasConcept C167416602 @default.
- W1964439038 hasConcept C181236170 @default.
- W1964439038 hasConcept C38652104 @default.
- W1964439038 hasConcept C41008148 @default.
- W1964439038 hasConcept C42854785 @default.
- W1964439038 hasConcept C52008547 @default.
- W1964439038 hasConcept C556758197 @default.
- W1964439038 hasConcept C73688673 @default.
- W1964439038 hasConcept C76178495 @default.
- W1964439038 hasConceptScore W1964439038C106159729 @default.
- W1964439038 hasConceptScore W1964439038C142450864 @default.
- W1964439038 hasConceptScore W1964439038C144133560 @default.
- W1964439038 hasConceptScore W1964439038C149782125 @default.
- W1964439038 hasConceptScore W1964439038C160623529 @default.
- W1964439038 hasConceptScore W1964439038C162324750 @default.
- W1964439038 hasConceptScore W1964439038C167416602 @default.
- W1964439038 hasConceptScore W1964439038C181236170 @default.
- W1964439038 hasConceptScore W1964439038C38652104 @default.
- W1964439038 hasConceptScore W1964439038C41008148 @default.
- W1964439038 hasConceptScore W1964439038C42854785 @default.
- W1964439038 hasConceptScore W1964439038C52008547 @default.
- W1964439038 hasConceptScore W1964439038C556758197 @default.
- W1964439038 hasConceptScore W1964439038C73688673 @default.
- W1964439038 hasConceptScore W1964439038C76178495 @default.
- W1964439038 hasIssue "6" @default.
- W1964439038 hasLocation W19644390381 @default.
- W1964439038 hasOpenAccess W1964439038 @default.
- W1964439038 hasPrimaryLocation W19644390381 @default.
- W1964439038 hasRelatedWork W2009844564 @default.
- W1964439038 hasRelatedWork W2134058467 @default.
- W1964439038 hasRelatedWork W2134645398 @default.
- W1964439038 hasRelatedWork W2355276924 @default.
- W1964439038 hasRelatedWork W2363171451 @default.
- W1964439038 hasRelatedWork W2595720733 @default.
- W1964439038 hasRelatedWork W3047082672 @default.
- W1964439038 hasRelatedWork W3125161248 @default.
- W1964439038 hasRelatedWork W565783421 @default.
- W1964439038 hasRelatedWork W634388619 @default.
- W1964439038 hasVolume "57" @default.