Investor Protection, Price Synchronicity and Systematic Risk: Evidence from Closed-End Country Funds
作者： Huimin Chung
DOI: 10.2139/SSRN.968109
关键词: Systematic risk 、 German 、 Accredited investor 、 Index (economics) 、 Synchronicity 、 Risk assessment 、 Business 、 Investor protection 、 Financial economics
摘要: This paper evaluates the respective impacts of investor protection on R 2 and systematic risk closed-end country funds (CECFs). The empirical results reveal that both CECFs those countries with English legal origin are significantly lower than French or German origin. Moreover, we demonstrate better indices tend to have price synchronicity risk. Finally, our findings imply index also plays a assessment role, particularly regard CECFs.
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