Category: Jon Hooks (Faculty Co-author)

Sarah Erdman, ’14

Hooks, J., & Erdman, S. (2014). Turnover And Closed-End Fund Discounts. Journal of Business & Economics Research, 12(4), 335-338.

Abstract: This paper seeks to further investigate the quandary of closed-end fund discounts known as the “four-piece puzzle.” While other researchers have taken a behavior approach (investor sentiment, etc.), this study will explore empirical data on several variables, including some Fama-French factors. Using a fixed effects model, the effects of turnover, three-year-beta, price/book, median market capitalization, expenses and income were measured in this study.

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