Is Stock Index Membership for Sale?
收藏NBER2021-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29365
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资源简介：
While major stock market indices are followed by large monetary investments, we document that membership decisions for S&P 500 have a nontrivial amount of discretion. We show that firms purchases of S&P ratings appear to improve their chance of entering the index (but purchases of Moodys ratings do
提供机构：
美国国家经济研究局
创建时间：
2021-10-01
