{"id":"https://openalex.org/W2016794422","doi":"https://doi.org/10.1111/j.1540-6288.2000.tb01420.x","title":"The Performance Persistence of Closed\u2010End Funds","display_name":"The Performance Persistence of Closed\u2010End Funds","publication_year":2000,"publication_date":"2000-08-01","ids":{"openalex":"https://openalex.org/W2016794422","doi":"https://doi.org/10.1111/j.1540-6288.2000.tb01420.x","mag":"2016794422"},"language":"en","primary_location":{"id":"doi:10.1111/j.1540-6288.2000.tb01420.x","doi":"https://doi.org/10.1111/j.1540-6288.2000.tb01420.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1540-6288.2000.tb01420.x","pdf_url":null,"source":{"id":"https://openalex.org/S9351053","display_name":"Financial Review","issn_l":"0732-8516","issn":["0732-8516","1540-6288"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2"],"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 Review","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/A5011239649","display_name":"Martina K. Bers","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I63772739","display_name":"Florida Atlantic University","ror":"https://ror.org/05p8w6387","country_code":"US","type":"education","lineage":["https://openalex.org/I63772739"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Martina K. Bers","raw_affiliation_strings":["Florida Atlantic University","Florida Atlantic University #TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Florida Atlantic University","institution_ids":["https://openalex.org/I63772739"]},{"raw_affiliation_string":"Florida Atlantic University #TAB#","institution_ids":["https://openalex.org/I63772739"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5026734069","display_name":"Jeff Madura","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I63772739","display_name":"Florida Atlantic University","ror":"https://ror.org/05p8w6387","country_code":"US","type":"education","lineage":["https://openalex.org/I63772739"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jeff Madura","raw_affiliation_strings":["Florida Atlantic University","Florida Atlantic University #TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Florida Atlantic University","institution_ids":["https://openalex.org/I63772739"]},{"raw_affiliation_string":"Florida Atlantic University #TAB#","institution_ids":["https://openalex.org/I63772739"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5011239649"],"corresponding_institution_ids":["https://openalex.org/I63772739"],"apc_list":{"value":2900,"currency":"USD","value_usd":2900},"apc_paid":null,"fwci":2.7429,"has_fulltext":false,"cited_by_count":33,"citation_normalized_percentile":{"value":0.92194264,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"35","issue":"3","first_page":"33","last_page":"52"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9984999895095825,"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9984999895095825,"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":0.0005000000237487257,"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"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":9.999999747378752e-05,"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/closed-end-funds","display_name":"closed-end funds","score":0.9909999966621399},{"id":"https://openalex.org/keywords/performance-persistence","display_name":"performance persistence","score":0.7940000295639038},{"id":"https://openalex.org/keywords/mutual-fund-performance","display_name":"mutual fund performance","score":0.8640000224113464},{"id":"https://openalex.org/keywords/net-asset-value","display_name":"net asset value","score":0.8830000162124634},{"id":"https://openalex.org/keywords/market-prices","display_name":"market prices","score":0.8230000138282776},{"id":"https://openalex.org/keywords/risk-adjusted-performance","display_name":"risk-adjusted performance","score":0.9639999866485596},{"id":"https://openalex.org/keywords/open-end-funds","display_name":"open-end funds","score":0.8410000205039978},{"id":"https://openalex.org/keywords/fund-returns","display_name":"fund returns","score":0.42399999499320984}],"concepts":[{"id":"https://openalex.org/C84355842","wikidata":"https://www.wikidata.org/wiki/Q361863","display_name":"Closed-end fund","level":3,"score":0.7963693141937256},{"id":"https://openalex.org/C2781009140","wikidata":"https://www.wikidata.org/wiki/Q7170389","display_name":"Persistence (discontinuity)","level":2,"score":0.7277028560638428},{"id":"https://openalex.org/C74514629","wikidata":"https://www.wikidata.org/wiki/Q1640570","display_name":"Net asset value","level":2,"score":0.6891881227493286},{"id":"https://openalex.org/C155301685","wikidata":"https://www.wikidata.org/wiki/Q493177","display_name":"Open-end fund","level":4,"score":0.629255473613739},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5396322011947632},{"id":"https://openalex.org/C34375142","wikidata":"https://www.wikidata.org/wiki/Q1156684","display_name":"Fund of funds","level":3,"score":0.4597414433956146},{"id":"https://openalex.org/C43089589","wikidata":"https://www.wikidata.org/wiki/Q5570807","display_name":"Global assets under management","level":4,"score":0.4519273638725281},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.4135449230670929},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3597363829612732},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3345797061920166},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2293713390827179},{"id":"https://openalex.org/C206757995","wikidata":"https://www.wikidata.org/wiki/Q1665188","display_name":"Institutional investor","level":3,"score":0.16162458062171936},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.13069051504135132},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.07213923335075378},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.05810299515724182},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C187320778","wikidata":"https://www.wikidata.org/wiki/Q1349130","display_name":"Geotechnical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/j.1540-6288.2000.tb01420.x","doi":"https://doi.org/10.1111/j.1540-6288.2000.tb01420.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1540-6288.2000.tb01420.x","pdf_url":null,"source":{"id":"https://openalex.org/S9351053","display_name":"Financial Review","issn_l":"0732-8516","issn":["0732-8516","1540-6288"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2"],"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 Review","raw_type":"journal-article"},{"id":"pmh:oai:dspace.nelson.usf.edu:10806/2951","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10806/2951","pdf_url":null,"source":{"id":"https://openalex.org/S4306401175","display_name":"Digital Archive @ University of South Florida (University of South Florida)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I2613432","host_organization_name":"University of South Florida","host_organization_lineage":["https://openalex.org/I2613432"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Partnerships for the goals","score":0.6200000047683716,"id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":31,"referenced_works":["https://openalex.org/W629848334","https://openalex.org/W1851659917","https://openalex.org/W1972934933","https://openalex.org/W1992897607","https://openalex.org/W1997165835","https://openalex.org/W2016334400","https://openalex.org/W2024430470","https://openalex.org/W2028203519","https://openalex.org/W2040367403","https://openalex.org/W2048372104","https://openalex.org/W2052758069","https://openalex.org/W2055337889","https://openalex.org/W2063579883","https://openalex.org/W2072425554","https://openalex.org/W2078870183","https://openalex.org/W2080361650","https://openalex.org/W2090386647","https://openalex.org/W2092322244","https://openalex.org/W2092766542","https://openalex.org/W2108818539","https://openalex.org/W2127197478","https://openalex.org/W2136120210","https://openalex.org/W2142676480","https://openalex.org/W2153599323","https://openalex.org/W2169645335","https://openalex.org/W2727657178","https://openalex.org/W2886482902","https://openalex.org/W3124498979","https://openalex.org/W3125493359","https://openalex.org/W4248290786","https://openalex.org/W6754247212"],"related_works":["https://openalex.org/W1493934091","https://openalex.org/W2030720862","https://openalex.org/W2072031437","https://openalex.org/W577236542","https://openalex.org/W1929743791","https://openalex.org/W4206099662","https://openalex.org/W4289821969","https://openalex.org/W2298828299","https://openalex.org/W4225546857","https://openalex.org/W2257228083"],"abstract_inverted_index":{"Abstract":[0],"The":[1,71],"purpose":[2],"of":[3,24,35,46,53],"this":[4],"study":[5],"is":[6],"to":[7,16],"extend":[8],"the":[9,32,43,50,63],"research":[10,29],"on":[11],"mutual":[12,37,69],"fund":[13],"performance":[14,23,33,44,77],"persistence":[15,34,45,61],"net":[17],"asset":[18],"value":[19],"and":[20],"market":[21],"price":[22],"domestic":[25],"closed\u2010end":[26,47,54],"funds.":[27,48,70],"While":[28],"has":[30,40],"assessed":[31,42],"open\u2010end":[36,68],"funds,":[38],"it":[39],"not":[41],"Yet,":[49],"unique":[51],"characteristics":[52],"funds":[55],"allow":[56],"stronger":[57],"arguments":[58,64],"for":[59,67,75],"their":[60],"than":[62],"previously":[65],"submitted":[66],"results":[72],"show":[73],"evidence":[74],"risk\u2010adjusted":[76],"persistence.":[78]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}