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Showing 1 to 1 of 1 for “"Index revisions"”.
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Index revisions, market quality and the cost of equity capital.
This thesis examines the impact of FTSE 100 index revisions on the various aspects of stock market quality and the cost of equity capital. Our study spans over the period 1986¿2009. Our analyses indicate that the index membership enhances all aspects of liquidity, including trading continuity, …