References
Bodurtha, J., D. S. Kim, C. Lee, 1993, Closed-end country funds and U.S. market
sentiment. University of Michigan and Sang Yong Research Institute.
Chen, N. F., R. Kan, M. Miller, 1993, Are the discounts on closed-end funds a sen-
timent index? Working Paper. Journal of Finance48, 795–800.
Chopra, N., C. Lee, A. Shleifer, R. Thaler, 1993, Yes, discounts on closed-end funds
are a sentiment index. Journal of Finance48, 801–8.
Froot, K. A., E. Dabora, 1998, How are stock prices affected by the location of
trade. Working Paper no. 6572. National Bureau of Economic Research, Cam-
bridge, MA.
Froot, K. A., A. Perold, 1996, Global equity markets: the case of Royal Dutch and
Shell. Case no. 296-077. Harvard Business School.
Hardouvelis, G., R. La Porta, T. Wizman, 1995, What moves the discount on coun-
try equity funds. Working paper no. 4571. National Bureau of Economic Re-
search, Cambridge, MA.
Lee, C., A. Shleifer, R. Thaler, 1991, Investor sentiment and the closed-end fund
puzzle. Journal of Finance46, 75–109.
Pontiff, J., 1993, Costly arbitrage and closed-end fund discounts. Working Paper,
University of Washington.
Rosenthal, L., C. Young, 1990, The seemingly anomalous price behavior of royal
dutch shell and unilever N. V./PLC. Journal of Financial Economics26, 123–41.
Royal Dutch Petroleum Company, Shell Transport and Trading, 1994, Guidance
Notes for Investors and Analysts.
STOCKS AFFECTED BY LOCATION OF TRADE? 129