A comparison of the performance of open-and closed-end investment companies

Seth C. Anderson; B. Jay Coleman; Daniel Gropper; Harlan Sunquist

doi:10.1007/BF02920601

A comparison of the performance of open-and closed-end investment companies

Seth C. Anderson, B. Jay Coleman, Daniel Gropper, Harlan Sunquist

University of North Florida

Research output: Contribution to journal › Article › peer-review

Abstract

This paper investigates the impact of corporate structure on the return performance and related operational characteristics of open- and closed-end investment companies. A statistical model is used to test for differences in several characteristics of these two different types of funds. The results show that there are differences in the returns of open-and closed-end funds, as well as differences in turnover and expenses of funds with different corporate structures. Moreover, the results are surprising in that they are significantly affected by the type of security held in the funds.

Original language	American English
Pages (from-to)	3-11
Journal	Journal of Economics and Finance
Volume	20
DOIs	https://doi.org/10.1007/BF02920601
State	Published - Sep 1996

Disciplines

Economics
Finance
Statistics and Probability

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Cite this

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title = "A comparison of the performance of open-and closed-end investment companies",

abstract = "This paper investigates the impact of corporate structure on the return performance and related operational characteristics of open- and closed-end investment companies. A statistical model is used to test for differences in several characteristics of these two different types of funds. The results show that there are differences in the returns of open-and closed-end funds, as well as differences in turnover and expenses of funds with different corporate structures. Moreover, the results are surprising in that they are significantly affected by the type of security held in the funds.",

author = "Anderson, {Seth C.} and Coleman, {B. Jay} and Daniel Gropper and Harlan Sunquist",

note = "This paper investigates the impact of corporate structure on the return performance and related operational characteristics of open- and closed-end investment companies. A statistical model is used to test for differences in several characteristics of these two different types of funds.",

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N2 - This paper investigates the impact of corporate structure on the return performance and related operational characteristics of open- and closed-end investment companies. A statistical model is used to test for differences in several characteristics of these two different types of funds. The results show that there are differences in the returns of open-and closed-end funds, as well as differences in turnover and expenses of funds with different corporate structures. Moreover, the results are surprising in that they are significantly affected by the type of security held in the funds.

AB - This paper investigates the impact of corporate structure on the return performance and related operational characteristics of open- and closed-end investment companies. A statistical model is used to test for differences in several characteristics of these two different types of funds. The results show that there are differences in the returns of open-and closed-end funds, as well as differences in turnover and expenses of funds with different corporate structures. Moreover, the results are surprising in that they are significantly affected by the type of security held in the funds.

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A comparison of the performance of open-and closed-end investment companies

Abstract

Disciplines

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