封闭型基金折价交易的行为金融学研究  

A Study on Closed-end Fund Discount Puzzle Under Behavioral Finance Perspective

作　　者：贺炎林[1] 

机构地区：[1]天津大学管理学院

出　　处：《西北农林科技大学学报（社会科学版）》2005年第3期53-56,共4页Journal of Northwest A&F University(Social Science Edition)

摘　　要：封闭型基金折价交易现象是现代金融理论中的一个异象。虽然现代金融理论发展了各种理论来解释该异象,但这些解释仍存在着明显的缺陷,因此需发展新的理论来解释该异象。行为金融学利用噪声交易者会影响资产价格的观点能对该异象作出较为合理的解释。Closed-end fund discount is an anomalous phenomenon in the modern financial theory.Although modern financial theorists develops various theories to explain the anomaly ,there are obvious defects in these explanations.Therefore,new theories should be developed to explain the anomaly.Behavioral finance can give a rational explanation by the idea that noise trader will affect price of assets.

关 键 词：行为金融学 封闭型基金 折价 

分 类 号：F830.91[经济管理—金融学]