Berggrun, Luis; Cardona, Emilio; Lizarzaburu, Edmundo - In: Journal of Economics, Finance and Administrative Science 26 (2021) 52, pp. 222-236
. Premiums or discounts predict net asset returns but weakly. Originality/value - The findings point to the idea that the closed-end … fund market is somewhat predictable and inefficient (in its weak form) since the market appears to be able to anticipate a …