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This book documents both theoretical and empirical researches on the closed-end fund industry. It outlines the institutional framework of closed-end fund industry from various perspectives. Different from previous literature on fund industry, this book respectively examines the effects of tax benefits on closed-end funds' promotion of innovation, the repurchase activity of closed-end funds, and the managerial incentive compensation of closed-end funds. The study of this book can provide suggestions to both practitioners and policy makers on closed-end fund industry. The author acknowledges that this work was supported by grants from the Beijing Municipal Commission of Education "Pilot Reform of Accounting Discipline Clustering".
About the author
Tianna Yang, got the Ph.D. degree from Manchester Business School. Currently she is a Lecturer of Chinäs Management Accounting Research & Development Center & School of Accountancy of Central University of Finance and Economics. Main research area: Corporate Finance, Market-based Accounting Research, Closed-end Funds, Share Repurchases.
