Is Bucharest Stock Exchange Influenced by the Five Traded Financial Investment Companies?

[1] Apostu, Mioara, 1998, SIF’98: o cotare imposibila (1), Piata Financiara nr.6/ iunie 1998
[2] Bekaert, G., Urias, M.S., 1995, Diversification, Integration and Emerging Market Closed-End Funds, National Bureau of Economic Research, Working Paper No. 4990, http://ideas. repec.org/a/bla/jfinan/v51y1996i3p835-69.html
[3] Berk, J.B., Stanton, R., 2004, A Rational Model of the Closed-End Fund Discount, Hass School of Business, http://ideas. repec.org/p/nbr/nberwo/10412.html
[4] Berk, J.B., Stanton, R., 2007, Managerial Ability, Compensation and the Closed-End Fund Discount, The Journal of Finance, Vol. LXII no.2, April 2007, pp.529-556
[5] Bleaney, M., Smith, R.T., 2003, Prior Performance and Closed-End Fund Discounts, University of Nottingham Economics Discussions Paper no.03/ 16, www.nottingham.ac.uk/economics/research/dp/school_dp/DP.03.16.pdf
[6] Bleaney, M., Smith, R.T., 2008, Risk, Managerials Skills and Closed-End Fund Discounts, University of Nottingham, Discussion Papers in Economics, Paper no. 08/ 10, www. nottingham.ac.uk/economics/research/dp/school_dp/ dp.08.10.pdf
[7] Bodurthta, J.N., Kim, D-S., Lee, C.M.C., 1993, Closed-End Country Funds and U.S. Market Sentiment, Review of Financial Studies 8, pp.879-918
[8] Branch, B., Ma, A., Sawyer, J., 2007, Closed-End Fund Performance on a Daily Basis: The Discovery of a New Anomaly, http://www.fma.org/Orlando/Papers/CLOSEDENDFUNDPERFORMANCEONADAILYBASISnJan07.pdf
[9] Brauer, G.A., 1993, „Investor Sentiment” and the ClosedEnd Fund Puzzle: A 7 Percent Solution, Journal of Financial Service Research, 1993, pag.199-216
[10] Brenan, M.J., Jain, R., 2008, Capital Gains Taxes, Agency Costs, and Closed-End Fund Discounts, EFA 2008 Athens Meetings Paper, http://ssrn.com/abstract=1020210
[11] Canegrati, E., 2008, In Search of Market Index Leader: Evidence from World Financial Markets, Online at http://mpra. ub.uni-muenchen.de/11292/MPRA Paper No. 11292, posted 29. October 2008 / 11:39
[12] Chan, J., Ravi, J., Xia, Y., 2005, Market Segmentation, Liquidity Spillover, and Closed-End Country Fund Discount, www.isb.edu/caf/htmls/YihongXia.pdf
[13] Chang, K., Kot, H.W., Li, D., 2008, Portfolio Concentration and Closed-End Fund Discounts: Evidence form the China Market, Emerging Markets Review, 2008, doi: 10.1016/j. emermar.2008.02.003
[14] Cherkes, M., 2001, The Closed-End Funds: A Misunderstood Asset, Columbia University, http://ssrn.com/ abstract=687821
[15] Cherkes, M., 2003, A Positive Theory of Closed-End Funds as an Investment Vehicle, www.princeton.edu/~bcf/cherkes. pdf
[16] Cherkes, M., Sagi, J., Stanton, R., 2006, A Liquidity-Based Theory of Closed-End Funds, www2.owen.vanderbilt.edu/ jacob.sagi/cefFinal.pdf
[17] De Long, J.B., Shleifer, A., The Bubble of 1929: Evidence from Closed-End Funds, 1990, National Bureau of Economic Research, Working Paper No. 3523, http://econ161.berkeley. edu/pdf_files/Bubble_1929.pdf
[18] Dima, B., Pirtea, M., Murgea, A., 2004, Informational Asymmetry of SIF’s Quotas. An Empirical Approach, The 2nd International Symposium ‘Economies and Management of Transition’, Timişoara, 7-8 mai 2004, Ed.Mirton, ISBN 973-661-333-x
[19] Doukas, J.A., Milonas, N.T., 2004, Investor Sentiment and the Closed-End Fund Puzzle: Out-of-sample Evidence, European
[20] Financial Management, vol.10, no.2, 2004, pag.235-266
[21] Flynn, S.M., 2006, Arbitrage in Closed-End Funds: New Evidence, http://irving.vassar.edu/VCEWP/VCEWP57.pdf
[22] Fuertes, A-M., Thomas, D.C., 2004, Market-Wide Shocks and Anomalous Price Behavior: Evidence from Closed-End Funds, http://www.cass.city.ac.uk/conferences/mmf2004/ files/Fuertes&Thomas.pdf
[23] Gemmill, G., Thomas, D.C., 2000, Sentiment, Expenses and Arbitrage in Explaining the Discount on Closed-End Funds, Cass Business School Research Paper, http://ssrn.com/ abstract=222448
[24] Gemmill, G., Thomas, D.C., 2004, The Impact of Corporate Governance on Closed-End Funds, http://www.efmaefm. org/efmsympo2005/accepted_papers/Gordon_Gemmill_paper.pdf
[25] Ismailescu, I., 2007, Emerging-Market Closed-End Funds: Managerial Performace and Other Factors Affecting Fund Premiums, www.fma.org/Texas/Papers/Emerging-Market_Closed-End_Funds_Iuliana_Ismailescu_FMA2008.pdf
[26] Jain, R., Xia, Y., Wu. M.Q., 2004, Illiquidity and ClosedEnd Country Fund Discounts, http://finance.wharton.upenn. edu/weiss/wpapers/04-3.pdf
[27] Jindrichovska, I., Rhys, H., 2000, Opening-up of Investment Funds: The Case of the Czech Republic, The University of Wales, School of Management and Business, Research Paper 2000-12, http://www.aber.ac.uk/smba/en/Research/ research_papers/2000/rp2000-12.pdf
[28] Kellerhals, B.P., Schoebel, R., 2000, The Dynamic Behavior of Closed-End Funds and Its Implications for Pricing, Forcasting and Trading, Tuebinger Discussion Paper No.189, http://ssrn.com/abstract=239290
[29] Kramer, C., Smith, R.T., 1995, Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts: Renewing the Puzzle of the Pricing of Closed-End Mutual Funds, IMF Working Paper No. 95/ 68, www.imf.org
[30] Lee, C-F., Patro, D.K., Liu, B., 2005, Functional Forms, Market Segmentation Pricing of Close-End Country Funds, www.centerforpbbefr.rutgers.edu/Jan11-2008%20papers/7-3. doc
[31] LeSage, J. P., 1999, Applied Econometrics using MATLAB, http://www.spatial-econometrics.com/html/mbook.pdf
[32] Levy-Yeyati, E., Ubide, A., 2000, Crises, Contagion and the Closed-End Country Fund Puzzle, IMF Staff Papers, vol.47, no.1, 2000, International Monetary Fund, http://www.imf. org/external/pubs/cat/longres.cfm?sk=2762.0
[33] Malkiel, B.G., Xu, Y., 2005, The Persistence and Predictability of Closed-End Fund Discounts, http://www-stat.wharton. upenn.edu/~steele/Courses/956/Resource/CEF/MalkielXu.pdf
[34] Manzler, D.L., Slezak, S.L., 2008, The Closed-End Fund Premium Puzzle and Portfolio/ Fund Risk Differences, Working Paper Series, http://ssrn.com/abstract=1108489
[35] Nishiotis, G., Markis, A.K., 2006, The Forecasting Power of Emerging Market Closed-End Fund Discounts and Capital Market Segmentation, University of Cyprus, Working Paper Series, http://ssrn.com/abstract=883632
[36] Paun, C., 2006, Modelul Morningstar de evaluare a performantei portofoliilor financiare.Testarea modelului pe SIF-uri, Jurnalul economic, June 2006, pp.70-77
[37] Pop, C., Calugaru, Adina, Balgaradean, Mihaela, 2005, Romanian Closed-end Funds – An Overview, Studia Negotia nr.2/ 2005, pp.107-134
[38] Pop, C., Vamos, C., Craciun, M., Curutiu, C., 2009, Is Bucharest Stock Exchange Influenced by the Five Traded Financial Investment Companies, in Proceedings if the IASK International Conference Global Management, Pedro Soto Acosta (ed), ISBN 978-989-95806-9-5, Seville, Spain, 22-24 June, IASK
[39] Rozeff, M. S., 1991, Closed-End Fund Discounts and Premiums, Pacific-Basin Capital Market Research, vol.2, 1991
[40] Spiegel, M., 1999, Closed-End Fund Discounts in a Rational Agent Economy, http://ideas.repec.org/p/wpa/ wuwpfi/9712002.html
[41] Wang, Z.J., 2003, Dividend Commitment and Discount Management: The Distribution Policy of Closed-End Funds, (Job Market Paper), http://home.business.ku.edu/finance/ doc/JobMarketPaper-Wang.pdf
[42] Weiss Hanley, K., Lee, C.M.C., Seguin, P.J., 1994, The Marketing of Closed-End Fund IPOs: Evidence From Transactions Data, The Warton Financial Institutions Center, Working Paper 94-21, http://fic.wharton.upenn.edu/fic/papers/94/9421.pdf
[43] Wermers, R., Wu, Y., Zechner, J., 2007, Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers, http://www.bus.wisc.edu/finance/workshops/documents/Youchang-Wu101207.pdf

soon