The valuation of closed-end investment companies

• المؤلفون الرئيسيون: Goh, Hwee Jack, Liew, Wee San, Tung, Daniels Kuan Meng
• مؤلفون آخرون: Tan Kok Hui
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2015
• الموضوعات: DRNTU::Business::Finance
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/63535
• المؤسسة: Nanyang Technological University

This paper examines the proposition that fluctuations in discounts of closed-end funds in Singapore are driven by changes in management fees . The agency cost theory implies that higher management fees lead to higher discounts and that fluctuations in management fees causes discounts to fluctuate...