{"id":"https://openalex.org/W1982890239","doi":"https://doi.org/10.2307/3665989","title":"The Financial Performance of Low-Grade Municipal Bond Funds","display_name":"The Financial Performance of Low-Grade Municipal Bond Funds","publication_year":1996,"publication_date":"1996-01-01","ids":{"openalex":"https://openalex.org/W1982890239","doi":"https://doi.org/10.2307/3665989","mag":"1982890239"},"language":"en","primary_location":{"id":"doi:10.2307/3665989","doi":"https://doi.org/10.2307/3665989","is_oa":false,"landing_page_url":"https://doi.org/10.2307/3665989","pdf_url":null,"source":{"id":"https://openalex.org/S157946625","display_name":"Financial Management","issn_l":"0046-3892","issn":["0046-3892","1755-053X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5036008292","display_name":"John Kihn","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"John Kihn","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5036008292"],"corresponding_institution_ids":[],"apc_list":{"value":2850,"currency":"USD","value_usd":2850},"apc_paid":null,"fwci":0.7979,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":{"value":0.79924632,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"25","issue":"2","first_page":"52","last_page":"52"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.8413000106811523,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.8413000106811523,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.14390000700950623,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0032999999821186066,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-performance","display_name":"financial performance","score":0.6639999747276306},{"id":"https://openalex.org/keywords/embedded-options","display_name":"embedded options","score":0.9020000100135803},{"id":"https://openalex.org/keywords/contingent-claims-analysis","display_name":"contingent claims analysis","score":0.8460000157356262},{"id":"https://openalex.org/keywords/interest-rate-risk","display_name":"interest rate risk","score":0.7799999713897705}],"concepts":[{"id":"https://openalex.org/C2776089235","wikidata":"https://www.wikidata.org/wiki/Q1347273","display_name":"Municipal bond","level":3,"score":0.7492891550064087},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.659619927406311},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.6135409474372864},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.5044370889663696},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5012965202331543}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2307/3665989","doi":"https://doi.org/10.2307/3665989","is_oa":false,"landing_page_url":"https://doi.org/10.2307/3665989","pdf_url":null,"source":{"id":"https://openalex.org/S157946625","display_name":"Financial Management","issn_l":"0046-3892","issn":["0046-3892","1755-053X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":48,"referenced_works":["https://openalex.org/W633445780","https://openalex.org/W1482985762","https://openalex.org/W1535788598","https://openalex.org/W1595755814","https://openalex.org/W1855242792","https://openalex.org/W1934371349","https://openalex.org/W1965740869","https://openalex.org/W1970716149","https://openalex.org/W1976307117","https://openalex.org/W1983821100","https://openalex.org/W1984272629","https://openalex.org/W1994919028","https://openalex.org/W1996460465","https://openalex.org/W1996841907","https://openalex.org/W2005895968","https://openalex.org/W2006804758","https://openalex.org/W2012301648","https://openalex.org/W2017912691","https://openalex.org/W2022049145","https://openalex.org/W2028203519","https://openalex.org/W2039049465","https://openalex.org/W2039729591","https://openalex.org/W2043619364","https://openalex.org/W2047158682","https://openalex.org/W2058707966","https://openalex.org/W2077791698","https://openalex.org/W2084748303","https://openalex.org/W2091205586","https://openalex.org/W2103378431","https://openalex.org/W2105866624","https://openalex.org/W2105973145","https://openalex.org/W2110920728","https://openalex.org/W2112980561","https://openalex.org/W2119987604","https://openalex.org/W2132072990","https://openalex.org/W2139714675","https://openalex.org/W2147624028","https://openalex.org/W2148940287","https://openalex.org/W2152821677","https://openalex.org/W2154903394","https://openalex.org/W2155459063","https://openalex.org/W2167429103","https://openalex.org/W2169786125","https://openalex.org/W2179850611","https://openalex.org/W2180179892","https://openalex.org/W2889627911","https://openalex.org/W3122547838","https://openalex.org/W4246478771"],"related_works":["https://openalex.org/W4246478771","https://openalex.org/W1904904678","https://openalex.org/W4246397429","https://openalex.org/W1855242792","https://openalex.org/W2240755740","https://openalex.org/W7011713054","https://openalex.org/W2417964465","https://openalex.org/W2165299140","https://openalex.org/W1546804530","https://openalex.org/W1993018657"],"abstract_inverted_index":{"This":[0],"study":[1,24],"analyzes":[2],"the":[3,14,23,30,44,88,92],"risks":[4],"and":[5,37,49],"returns":[6,64],"of":[7,17,32,46,70,91],"low-grade":[8,18,55],"municipal":[9,19,39,56],"bonds":[10],"funds":[11,21,58],"by":[12],"examining":[13],"financial":[15],"performance":[16],"bond":[20,57],"over":[22],"period.":[25],"The":[26],"analysis":[27,75],"focuses":[28],"on":[29,35],"effect":[31,45],"embedded":[33],"options":[34],"low-":[36],"high-grade":[38,71],"bonds.":[40],"After":[41],"controlling":[42],"for":[43],"interest-rate":[47],"call":[48],"put":[50],"periods,":[51],"I":[52],"found":[53],"that":[54],"have":[59],"periods":[60],"during":[61],"which":[62,79],"their":[63],"are":[65],"statistically":[66],"greater":[67],"than":[68],"those":[69],"funds.":[72],"Contingent":[73],"claims":[74],"risky-debt":[76],"pricing":[77],"models":[78],"do":[80],"not":[81],"incorporate":[82],"interest":[83],"rate":[84],"risk":[85],"cannot":[86],"explain":[87],"principal":[89],"results":[90],"study.":[93]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-09-26T08:19:03.415552","created_date":"2016-06-24T00:00:00"}