Passive Investing and the Rise of Mega-Firms
收藏NBER2020-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28253
下载链接
链接失效反馈官方服务：
资源简介：
We study how passive investing affects asset prices. Flows into passive funds raise disproportionately the stock prices of the economys largest firms, and especially those large firms that the market overvalues. These effects are sufficiently strong to cause the aggregate market to rise even when
提供机构：
美国国家经济研究局
创建时间：
2020-12-01
