메뉴 건너뛰기
Library Notice
Institutional Access
If you certify, you can access the articles for free.
Check out your institutions.
ex)Hankuk University, Nuri Motors
Log in Register Help KOR
Subject
Humanities
General Humanities History Philosophy Religious Studies Linguistics and Literature Other Humanities
Social science
General Social Science Business Management Tourism Education Military Science Library and Information Science Law Sociology Journalism and Media Studies Psychological Science Political Science and Diplomacy Geography Public Administration Economics International Trade Anthropology Other Social Science
Natural science
General Natural Science Physics Biology Life Sciences Mathematics/Statistics Astronomy Earth Science Chemistry Other Natural Science
Engineering
General Engineering Architectural Engineering Mechanical Engineering Industrial Engineering Material/Energy Engineering Electrical and Electronic Engineering Marine and Ocean Engineering Chemical Engineering Computer Science Other Engineering
Medical science
General Medical Science Nursing Science Veterinary Pharmacy Traditional Korean Medicine Basic Medicine Clinical Medicine Other Medicine
Agriculture and Fishery
General Agriculture and Fishery Agriculture Fishery Science Food Science Forestry Animal Husbandry Marine Transportation Studies Other Agriculture and Fishery
Art and Kinesiology
General Arts Design Fine Arts Cosmetology Photography Music Fashion Kinesiology Performing Media Arts Other Arts and Kinesiology
Interdisciplinary Studies
Interdisciplinary Research Science and Technology Studies Brain and Cognitive Science Technology Policy Other Interdisciplinary Studies

KOR

Contingent-claim Valuation of a Closed-end Fund: Models and Implications
Recommendations
Search

논문 기본 정보

Type
Academic journal
Author
Journal
한국파생상품학회 선물연구 선물연구 제17권 제4호 KCI Accredited Journals
Published
2009.1
Pages
43 - 74 (32page)

Usage

cover
Contingent-claim Valuation of a Closed-end Fund: Models and Implications
Ask AI
Recommendations
Search

Abstract· Keywords

Report Errors
본 논문은 기초자산이 다양한 확률과정을 따를 경우의 폐쇄형펀드의 가치평가모형에 관한 연구이다. 기존의 선행연구에서 가정한 가정들을 포함해 보다 확장된 가정들을 이용함으로써 펀드의 투자전략, 폐쇄형 펀드의 할인퍼즐, 그리고 펀드 평가모형에 관한 새롭고 흥미로운 시사점들을 도출하였다. 특히, 브라운모형과 최적정지시간방법을 이용하여 보다 적용이 용이한 가치평가모형을 개발하였으며, 이를 이용하여 폐쇄형펀드가 개방형펀드로 재조직되는 메커니즘을 좀 더 명확하게 설명할 수 있게 되었다. 또한 이익최대화를 위한 재조직 최적시점 결정, 최적 펀드구조 설계 등에 본 연구결과를 활용할 수 있음을 증명하였다.
#Asset Pricing #Closed-end Fund #Optimal Stopping Time #Optional Sampling Theory #Reorganizing Option

Contents

No content found

References (30)

Add References
Anderson, Seth Copeland / 1986 / Closed-end Funds versus Market Efficiency / Journal of Portfolio Management : 63 ~ 65 google schola Barclay, Michael J. / 1993 / Private Benefits from Block Ownership and Discounts on Closed-End Funds / Journal of Financial Economics 33 : 263 ~ 291 google schola Bergstresser, D. B / 2002 / Do After-tax Returns Affect Mutual Fund Inflows / Journal of Financial Economics 63 : 381 ~ 414 google schola Berk, B. Jonathan / 2007 / Managerial Ability, Compensation, and the Closed-End Discount / Journal of Finance 62 (2) : 529 ~ 556 google schola Black, Fischer / 1986 / Presidential address: Noise / Journal of Finance 41 : 529 ~ 543 google schola

Recommendations

It is an article recommended by DBpia according to the article similarity. Check out the related articles!

Related Authors

Recently viewed articles

The Effects on 〈Thinking and Expressions〉 in a University Program Using a Moot
Kim, Young-HakThe Society of Convergence of Humanities, Social Science and Arts2016.10
 Oral administration of the Herbal Medicines in animal models for treatment of Allergic Rhinitis: a Review of Animal Study Reports Published in Korea
조형래, 황보민2016
 Trends of Mind Education for Rearing ‘Ecological’ Human Beings
Yun, Ji-Won, Baek 외 1명The Research Institute of Won-buddhist Thought2015.06

Comments(0)

0

Write first comments.