Results 151 to 160 of about 845 (205)

ETF liquidation determinants

Journal of Empirical Finance, 2018
The exchange-traded fund (ETF) market has dramatically increased in size and influence. With this growth, there has been an increase in the number of liquidations. We find that the decision to liquidate an ETF is primarily based on ETF characteristics; however, we observe additional considerations related to fund family and investment objective ...
D. Eli Sherrill, Jeffrey Stark
openaire   +1 more source

FSA in an ETF World

SSRN Electronic Journal, 2020
This paper models the value of conducting financial statement analysis (FSA) in the presence of an electronically traded fund (ETF) that gives exposure to the firm’s systematic value. FSA is characterized as a costly process that yields a private signal about the idiosyncratic portion of a firm’s future payoffs.
openaire   +1 more source

Abusing ETFs

Review of Finance, 2016
Abstract Using data from a large German brokerage, we find that individuals investing in passive exchange-traded funds (ETFs) do not improve their portfolio performance, even before transaction costs. Further analysis suggests that this is because of poor ETF timing as well as poor ETF selection (relative to the choice of low-cost, well ...
Bhattacharya, Utpal   +3 more
openaire   +2 more sources

Synthetic ETFs

FEDS Notes, 2017
Exchange traded funds (ETFs) achieve their investment objectives by either owning a portfolio of securities (physical ETFs) or entering into swap agreements that deliver the returns of pre-specified indexes (synthetic ETFs). In this note, we provide an overview of how synthetic ETFs work and analyze collateralization levels for a group of synthetic ...
Sirio Aramonte   +2 more
openaire   +1 more source

The Costs of ETF Membership: Valuation Effect of ETFs on Underlying Firms

SSRN Electronic Journal, 2012
In this paper, we investigate the effect of exchange traded funds (ETFs) on the value of their underlying stocks and the channels through which ETFs have an impact on firm value. We find that ETFs negatively affect firm value but also have a positive impact on underlying stocks’ systematic volatility, short interest, and liquidity. These effects of ETF
Kee-Hong Bae, Jin Wang, Jun-Koo Kang
openaire   +1 more source

Global Agricultural ETF, Energy ETF and Climate Risk

The Academic Society of Global Business Administration
This study analyzed the time-varying correlation and connectedness between agricultural and energy ETFs and climate risk (physical risk, transition risk) indices traded on the U.S. stock market from January 3, 2012 to June 30, 2025. The results of empirical analysis during the sample period are as follows.
openaire   +1 more source

ESG ETFs and the COVID-19 stock market crash of 2020: Did clean funds fare better?

Finance Research Letters, 2022
Ivelina Pavlova   +2 more
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