Information transfers across same-sector funds when closed-end funds issue equity.

This study examines the reaction of non-issuing, same-sector funds when a closed-end fund announces a seasoned equity offering. The non-issuing, same-sector funds have a significant, negative announcement-day abnormal return. The abnormal returns for U.S. debt funds are less negative than U.S. equit...

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Bibliographic Details
Main Authors: Higgins, Eric J., Howton, Shawn., Howton, Shelly.
Format: Villanova Faculty Authorship
Language:English
Published: 2010
Online Access:http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:177129