论文标题
封闭式共同基金的折扣难题：孟加拉国的案例
Discount Puzzle Of Closed-End Mutual Funds: A Case Of Bangladesh
论文作者
论文摘要
该论文打算在新兴市场的角度对封闭基金拼图进行相关研究。在2016年至2019年的样本期间收集了达卡证券交易所36个封闭式共同基金的季度数据。依赖和独立变量通过探索以前的研究来映射。排名前10的投资，基金规模，基金年龄，基金成熟度，营业额和股息收益率的重量是解释性变量，以分析对CEF折扣的影响。对数据集进行固定效应面板回归，并进行了很少的诊断测试，以确保进行分析的可靠性。结果表明，可变基金规模和基金成熟度具有显着的正面和营业额对CEF折扣产生重大负面影响，而前10名投资，股息收益率和基金年龄的影响不大。
The paper intends to perform a relevant study on the closed-end fund puzzle in the perspective of an emerging market. Quarterly data of 36 closed-end mutual funds traded in Dhaka Stock Exchange are collected over the sample period of 2016 to 2019. Dependent and independent variables are mapped down by exploring previous researches. Weight of top 10 investments, fund size, fund age, fund maturity, turnover and dividend yield are taken as explanatory variable to analyze the impact on CEF discount. A fixed effects panel regression is performed on the data set with few diagnostic tests to ensure the reliability of the analysis conducted. The results show that, the variable fund size and fund maturity have a significant positive and turnover has a significant negative impact on CEF discount while the impact of weight of top 10 investments, dividend yield and fund age are found insignificant.
