Fund Mortality and Fair Discounts on Closed-End Funds

Author(s):  
Gordon Gemmill ◽  
Dylan C. Thomas
Keyword(s):  



Author(s):  
Gordon Gemmill ◽  
Dylan C. Thomas
Keyword(s):  


2001 ◽  
Author(s):  
Martin Cherkes
Keyword(s):  




Author(s):  
Matthew E. Souther

Researchers disagree about the impact of board independence on firm value. The disagreement generally stems from the endogenous nature of board appointments. I add new evidence to this discussion by using a sample of closed-end funds to document the value-enhancing effects of independent boards. Using cross-sectional, difference-in-differences, and instrumental variables techniques, I address these endogeneity concerns and find consistent evidence that board independence is associated with higher firm value.



2006 ◽  
Vol 81 (3) ◽  
pp. 539-562 ◽  
Author(s):  
Shane A. Johnson ◽  
Ji-Chai Lin ◽  
Kyojik Roy Song


Author(s):  
Martin Cherkes ◽  
Jacob S. Sagi ◽  
Zhi Jay Wang


Author(s):  
David A. Lesmond ◽  
George Nishiotis
Keyword(s):  


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