کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
964066 1479121 2013 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Changing the methodology of equity indices-The case of the Tel-Aviv Stock Exchange
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Changing the methodology of equity indices-The case of the Tel-Aviv Stock Exchange
چکیده انگلیسی
This study investigates the impact of a change in the methodology of constructing a stock index on the stability of a stock exchange. In July 2010, the Tel Aviv Stock Exchange changed the criteria for the construction of five of its indices. Using data from these five stock indices for the years 2009-2011, we find that the reform increased the quality of all five indices. The liquidity of the indices increased, the volatility of their returns decreased, and their mean return remained unchanged.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Financial Markets, Institutions and Money - Volume 26, October 2013, Pages 91-99
نویسندگان
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