中国封闭式基金价格折扣问题研究

The Study of the Close - end Fund Discount Phenomenon in China

封闭式基金的价格折扣现象是一个长期存在的谜题,一直备受学者关注。本文集中研究中国这个新兴市场,希望能够得到一些新的启示。我们在现有文献研究的基础上,结合中国的独特特点,利用数据建立计量经济模型,并深入总结和分析了影响我国封闭式基金价格折扣的因素。

The closed -end fund discount phenomenon is a puzzle that has existed for a long time and has attracted much attention of economists. Based on the existing literature and the unique characters, the paper studies the closed - end fund phenomenon in the emerging capital market of China and builds up a fixed - effect panel data econometric model to estimate the influence of the potential factors behind the discount of China＇s closed- end funds.