Resumen de Behavioural and fundamental explanations of discounts on closed end funds: an empirical analysis

George Emm. Halkos, Theodore N. Krintas

• This study extracts two factors related to the variability of Premium/Discount: a behavioural and a fundmental. Evidence is provided to show that by using both factos one can achieve a better understanding of discounts as theories and the Closed End Funds Puzzle support it.