
<oai_dc:dc xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/">
  <dc:identifier>https://phaidrabg.bg.ac.rs/o:32620</dc:identifier>
  <dc:identifier>doi:10.4335/2023.3.31</dc:identifier>
  <dc:rights>http://creativecommons.org/licenses/by-nc/4.0/legalcode</dc:rights>
  <dc:source>Contemporary Financial Management</dc:source>
  <dc:date>2023</dc:date>
  <dc:creator id="https://orcid.org/0000-0002-8605-8881">Draganac, Dragana</dc:creator>
  <dc:creator id="https://orcid.org/0000-0002-3578-6766">Todorović, Miroslav</dc:creator>
  <dc:language>eng</dc:language>
  <dc:type>info:eu-repo/semantics/conferenceProceedings</dc:type>
  <dc:description xml:lang="eng">Abstract: In this paper, we investigate the effects of stock indexing on its
market price. The event study methodology is used to explore what happens
with share price when stocks are added to or deleted from the market index
S&amp;P 500. The aim of the research is to investigate if there are abnormal
returns, can they be anticipated by traders, what is their duration, and if the
effects could be explained from the perspectives of neoclassical and
behavioral finance. Several explanations of price dynamics after stock price
(de)indexing are provided in the paper. Our results show that index effects
declined a lot in recent years, both for the case of stock inclusions and
exclusion.</dc:description>
  <dc:format>application/pdf</dc:format>
  <dc:format>502918 bytes</dc:format>
  <dc:title xml:lang="eng">Are There Price Effects of Adding or Deleting Stock From the Stock Index?</dc:title>
  <dc:subject xml:lang="eng">Keywords: stock price indexing, efficient market hypothesis, behavioral finance, event study</dc:subject>
</oai_dc:dc>