Exchange-traded funds and real investment

Exchange-traded funds and real investment

We investigate the link between exchange-traded funds and real investment. Cross-sectionally, higher ETF ownership is associated with an increased sensitivity of real investment to Tobin's q and a heightened ability of stock returns to forecast future earnings. Inclusion of stocks in industry E...

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Bibliographic Details
Main Authors: ANTONIOU, Constantinos, LI, Frank Weikai, LIU, Xuewen, SUBRAHMANYAM, Avanidhar, SUN, Chengzhu
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
Subjects:
ETFs
Real Efficiency
Managerial Learning
Feedback Effects
Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7060
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8059/viewcontent/Exchange_Traded_Funds_and_Real_Investment.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/7060
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8059/viewcontent/Exchange_Traded_Funds_and_Real_Investment.pdf

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