An Analysis of Closed-end Fund Puzzle for Emerging Capital Markets

Victor Dragota , Mihai Caruntu, Andreea Stoian

External / Open Access

2008 Theoretical and Applied Economics

Abstract

This paper analyzes the closed-end fund puzzle for an emerging capital market, respectively the Romanian one. Comparatively to more developed markets, as long as small markets are often very illiquid, it has to be used some specific valuation techniques in order to estimate the market values for closed-end funds. Also, one problem is this estimation can be made only in some (punctual) moments.

Full Title An Analysis of Closed-end Fund Puzzle for Emerging Capital Markets

Primary Author Victor Dragota

Co-Authors Mihai Caruntu, Andreea Stoian

Publication Type Journal Article

Year 2008

Journal Theoretical and Applied Economics

Volume / Issue Vol. 10(527), No. 10(527)

Pages 53–60

Category Finance & Accounting

Institution External / Open Access

Access Open Access

Added to Library March 24, 2026

Cite This Publication

APA

Victor Dragota, Mihai Caruntu, Andreea Stoian (2008). An Analysis of Closed-end Fund Puzzle for Emerging Capital Markets. *Theoretical and Applied Economics*, 10(527)(10(527)), 53–60.

MLA

Victor Dragota. "An Analysis of Closed-end Fund Puzzle for Emerging Capital Markets." *Theoretical and Applied Economics*, vol. 10(527), no. 10(527), 2008, pp. 53–60.