Regression Discontinuity and the Price Effects of Stock Market Indexing
收藏NBER2013-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19290
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资源简介：
Studies find price increases for additions to the S&P 500 index but no decreases for deletions. Additions come with good earnings news, suggesting these studies are not just measuring an indexing effect. We develop a regression discontinuity design using Russell Indices for cleaner identification.
提供机构：
美国国家经济研究局
创建时间：
2013-08-01
