Chen, Li-Wen; Johnson, Shane A.; Lin, Ji-Chai; Liu, Yu-Jane - In: Journal of Banking & Finance 33 (2009) 9, pp. 1636-1651
Using an intraday transaction dataset with trader identity, we study foreign and domestic investors' trading activities and investment performance ahead of open-ending events of Taiwanese closed-end funds. Simply buying the funds at a discount and holding until open-ending generates large...