我国封闭式基金折价影响因素分析

折价是国内外封闭式基金市场的普遍现象,并一直是理论和实务界关注的焦点问题。本文从中国封闭式基金市场实际情况出发,选取了26只封闭式基金从2006年至2010年之间的数据,在对我国封闭式基金折价现象的统计特征进行描述的基础上,运用计量经济方法对影响中国封闭式基金折价的主要因素进行实证研究,得到基金的规模和基金的剩余存续期是影响我国封闭式基金折价的主要因素,最后给出相关的结论和解释。

Analysis of Closed-End Fund Discount Impact Factors in China

The discount is a common phenomenon in the domestic and foreign closed-end fund markets and has been a focus in the theoretical and practical fields.In this dissertation,according to the actual situation of China＇s closed-end fund market,we selected the data of the 26 closed-end funds from 2006 to 2010,described their statistical characteristics,and we had an empirical research on the major impact factors of China＇s closed-end fund discount with econometric methods.The result is the size of the fund and the remained time of the fund are the main factors that affect closed-end fund discount in China.Finally,we gave relevant conclusions and explanations.