TY  - JOUR
AB  - This study examines the behaviors of eight Asian emerging market Single Country‐Closed End Funds’ (SCCEFs) market prices, net asset values (NAV) and price to net asset value ratios from January 5, 1996 to February 25, 2000, bracketing the period of the Asian currency crisis. The purpose of the study is to discern the degree of change of SCCEFs’ market prices and net asset values (NAV) in conjunction with changes in certain objective economic factors as explanatory variables, particularly changes in exchange rates, that may shed light on the probable reasons for the stickiness of market prices and yet speedy adjustment of NAVs. Results of statistical analysis suggest asymmetric information holding explanation to be the major reason for the observed phenomenon that can be exploited for profitable SCCEF investment decisions.
VL  - 30
IS  - 3
SN  - 0307-4358
DO  - 10.1108/03074350410768958
UR  - https://doi.org/10.1108/03074350410768958
AU  - Mulugetta Abraham
AU  - Mulugetta Yuko
AU  - Unsal Fahri
PY  - 2004
Y1  - 2004/01/01
TI  - Subset of emerging equity markets performance in international equity markets at time of currency crises
T2  - Managerial Finance
PB  - Emerald Group Publishing Limited
SP  - 28
EP  - 50
Y2  - 2024/04/25
ER  -