Results 51 to 60 of about 568 (208)

Environmental, Social and Governance Responsibility, financial performance and assets: A study of Exchange Traded Funds

Research Papers in Economics and Finance, 2023
Two research questions are examined in this study with a sample of 168 passive Exchange Traded Funds (ETFs). The first one asks whether a high Environmental, Social and Governance Responsibility (ESG) rating induces investors to allocate more money ...
Gerasimos Rompotis
doaj   +1 more source

The Role of Index Fund Ownership in the Era of Say‐on‐Pay

Financial Management, EarlyView.
ABSTRACT We examine whether and how index funds influence executive compensation in the post‐Say‐on‐Pay era. Using the annual reconstitution of the Russell indexes as a source of exogenous variation in index fund ownership, we document a causal effect of index ownership on CEO pay structure.
Kiseo Chung, Hwanki Brian Kim
wiley   +1 more source

Affiliated Mutual Funds: Beyond the Reach of the Invisible Hand?

Financial Management, EarlyView.
ABSTRACT In many countries, banks are the primary distribution channel for mutual funds and predominantly sell products issued by their own asset management divisions (“affiliated funds”). We examine how this lack of competition affects managerial activeness, fund performance, and investor outcomes.
Dominik Scheld, Oscar Stolper, Mario Fernandes, Kim Heyden   +3 more
wiley   +1 more source

On the informational efficiency of Saudi exchange-traded funds listed at home and away from home

Cogent Economics & Finance, 2021
This study compares the pricing efficiency of two domestic exchange-traded funds (ETFs) (i.e., Falcom 30 and HSBC 20) listed on the Saudi stock exchange (i.e., Tadawul), as well as an international ETF (i.e., iShares MSCI Saudi Arabia) listed on the NYSE,
Nassar S. Al-Nassar
doaj   +1 more source

Exchange-Traded Funds (ETFs) and Stock Liquidity: Vietnamese Evidence

Journal of Economics and Development, 2019
The paper examines how the introduction of Vietnamese exchange-traded funds (ETFs) impacts on the liquidity of the underlying stocks. We found that the component stock’s liquidity decreased after Deutsche Bank Xtrackers (DBX) - the first Vietnamese-based ETF - was introduced in 2008, but significantly improved after the introduction of the other two ...
Hue Nguyen Thi Minh, Huyen Do Phuong
openaire   +1 more source

When the Fed Sneezes, What Stock Market Catches the Cold?

International Finance, EarlyView.
ABSTRACT This paper identifies three indicators of monetary policy surprises—unexpected changes in the federal funds rate, forward guidance and large‐scale asset purchases—and examines their effects on international stock prices using an intraday event study approach.
Carlo Rosa
wiley   +1 more source

LOCAL CORRELATIONS BETWEEN PRICING DEVIATION AND MARKET PROXY OF BRAZILIAN ETFs

Estudo & Debate, 2016
The Exchange Traded Funds (ETFs) have become a wide-spread investment vehicle with unique characteristics that have not been sufficiently studied yet, especially when it comes to emerging markets ETFs.
Bruno Milani, Paulo Sergio Ceretta
doaj   +1 more source

The Agencies of the European Union: A Glimmer of Hope for Enlargement?

JCMS: Journal of Common Market Studies, EarlyView.
Abstract In recent years, the process of EU enlargement has become increasingly difficult. The longer the process drags on and the less likely accession appears, the more the candidate states are discouraged and the less influential the EU becomes. A different approach to integration must therefore be used.
Matis Poussardin
wiley   +1 more source

Central Bank Purchases and Corporate Bond Issuance during the Pandemic: The Case of Japan

Journal of Financial Research, EarlyView.
Abstract In its massive purchases of corporate bonds during the COVID‐19 pandemic, the Bank of Japan set the maximum eligible remaining maturity at 5 years. I document that during the postpandemic period, Japanese firms increased bond issuance, with the increase concentrated in (1) issuance of bonds with eligible maturities (1–5 years) and (2 ...
Yusuke Tsujimoto
wiley   +1 more source

Social media, high‐frequency trading, and market making after‐hours – Evidence from presidential tweets

Journal of Financial Research, EarlyView.
Abstract I analyze differences between the core and extended trading sessions in the high‐frequency reaction of equity markets to potential news. Using presidential tweets as unanticipated, potentially market‐stirring events, I find that volatility increases and liquidity deteriorates within fractions of a second after a tweet.
Stefan Scharnowski
wiley   +1 more source