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...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلفون الرئيسيون: ANTONIOU, Constantinos, LI, Frank Weikai, LIU, Xuewen, SUBRAHMANYAM, Avanidhar, SUN, Chengzhu
التنسيق: text
اللغة:English
منشور في: Institutional Knowledge at Singapore Management University 2023
الموضوعات:
الوصول للمادة أونلاين: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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