Essays in empirical finance : from venture capital to the S&P 500
Stocks often increase in value when they are added to the S&P 500 and lose value when they are dropped from the index. There are several hypotheses advanced for this effect. The information hypothesis is that when a firm is added this reveals positive information about the firm. This information...
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| Language: | English |
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2009
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| Online Access: | http://hdl.handle.net/2429/17316 |