caa a22 4500 465802567 CHVBK 20180323112056.0 cr unu---uuuuu 170327e19900301xx s 000 0 eng 10.1007/BF00365554 doi (NATIONALLICENCE)springer-10.1007/BF00365554 Risk characteristics of closed-end stock fund IPOs [Elektronische Daten] [Christopher Barry, John Peavy III] We examine 34 closed-end stock fund initial public offerings (IPOs) during the period of January 1, 1986, through June 30, 1987. We find that the funds have low systematic risk during their first trading months, especially the initial month. We also observe that the funds' beta risk tends to increase as the funds season in aftermarket trading. This pattern is in sharp contrast to new issues by nonfinancial corporations, which have very high initial betas that decline over time. Kluwer Academic Publishers, 1990 Barry Christopher M.J. Neeley School of Business, Texas Christian University, 76129, Fort Worth, Texas, U.S.A. aut Peavy III John Edwin L. Cox School of Business, Southern Methodist University, 75275, Dallas, Texas, U.S.A. aut Journal of Financial Services Research Kluwer Academic Publishers 4/1(1990-03-01), 65-76 0920-8550 4:1<65 1990 4 10693 https://doi.org/10.1007/BF00365554 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00365554 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Barry Christopher M.J. Neeley School of Business, Texas Christian University, 76129, Fort Worth, Texas, U.S.A aut NATIONALLICENCE 700 1- Peavy III John Edwin L. Cox School of Business, Southern Methodist University, 75275, Dallas, Texas, U.S.A aut NATIONALLICENCE 773 0- Journal of Financial Services Research Kluwer Academic Publishers 4/1(1990-03-01), 65-76 0920-8550 4:1<65 1990 4 10693 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer