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...
Main Authors: | , , |
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Format: | |
Language: | English |
Published: |
2010
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Online Access: | http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:177129 |