Chan, Kalok; Kot, Hung Wan; Li, Desmond - In: Emerging Markets Review 9 (2008) 2, pp. 129-143
This paper provides an analysis of the determinants of the closed-end fund discount in Mainland China. We focus on the diversification level of closed-end funds as the investor clienteles for closed-end funds in Mainland China are different from other markets. Our empirical evidence shows that...