Lee is Assistant Professor of Accounting at the School of Business, University of Michigan. Shleifer is Professor of Economics at Harvard University. Thaler is the Henrietta Johnson Louis Professor of Economics at the Johnson Graduate School of Management, Cornell University. We would like to acknowledge helpful comments from Greg Brauer, Eugene Fama, Ken French, Raymond Kan, Merton H. Miller, Sam Peltzman, Mark Ready, Sy Smidt, René Stulz, Lawrence Summers, Robert Vishny, Robert Waldmann, and an anonymous referee, and financial support from Russell Sage Foundation and Social Sciences and Humanities Research Council of Canada. Thanks also to Greg Brauer, Nai-Fu Chen, Thomas Herzfeld, and Jay Ritter for providing data, and Sheldon Gao and Erik Herzfeld for research assistance.
Investor Sentiment and the Closed-End Fund Puzzle
Article first published online: 30 APR 2012
DOI: 10.1111/j.1540-6261.1991.tb03746.x
1991 The American Finance Association
Additional Information
How to Cite
LEE, C. M. C., SHLEIFER, A. and THALER, R. H. (1991), Investor Sentiment and the Closed-End Fund Puzzle. The Journal of Finance, 46: 75–109. doi: 10.1111/j.1540-6261.1991.tb03746.x
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Lee is Assistant Professor of Accounting at the School of Business, University of Michigan. Shleifer is Professor of Economics at Harvard University. Thaler is the Henrietta Johnson Louis Professor of Economics at the Johnson Graduate School of Management, Cornell University. We would like to acknowledge helpful comments from Greg Brauer, Eugene Fama, Ken French, Raymond Kan, Merton H. Miller, Sam Peltzman, Mark Ready, Sy Smidt, René Stulz, Lawrence Summers, Robert Vishny, Robert Waldmann, and an anonymous referee, and financial support from Russell Sage Foundation and Social Sciences and Humanities Research Council of Canada. Thanks also to Greg Brauer, Nai-Fu Chen, Thomas Herzfeld, and Jay Ritter for providing data, and Sheldon Gao and Erik Herzfeld for research assistance.
Publication History
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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