ISMAILESCU, IULIANA; BRANCH, BEN - In: International Review of Finance 10 (2010) 4, pp. 433-453
Herein, we examine whether changes in closed-end country fund premiums lead and/or lag management performance. Using a sample of 46 country funds and a time period of 11 years, we find evidence of a significant negative relationship between past performance and current fund premiums, but no...