Does Joining the S&P 500 Index Hurt Firms?
收藏NBER2020-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27593
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资源简介：
We investigate the impact on firms of joining the S&P 500 index from 1997 to 2017. We find that the positive announcement effect on the stock price of index inclusion has disappeared and the long-run impact of index inclusion has become negative. Inclusion worsens stock price informativeness and
提供机构：
美国国家经济研究局
创建时间：
2020-07-01
