We revisit the long-documented index effect, whereby stocks that are added/deleted to major
indices experience positive/negative excess returns around the date that the indices …

Consensus views in finance must be continuously challenged and re-evaluated. This thesis
uses new techniques and modern perspectives to challenge commonly held beliefs, both …

The validity and descriptive accuracy of the Capital Asset Pricing Model and the Fama-
French Three-Factor Model are tested by describing the variation in excess portfolio returns …

This study examines the effect of change of government on the Malaysian stock market for
the last five years. The empirical model used in this study are abnormal return which …

The goal of this thesis is to examine if, and to what extent, stock prices and trading volumes
are affected by inclusions (exclusions) to (from) the following Nordic indices: OMX Helsinki …

In the last decade, there has been a substantial shift from actively managed funds to funds
with passive investment strategies. This shift was also observed by Shleifer (1986), who …

In the last decade, there has been a substantial shift from actively managed funds to funds
with passive investment strategies. This shift was also observed by Shleifer (1986), who …

Tilintarkastuspalkkioiden tutkimuksella on pitkä historia, mutta tilintarkastuspalkkion ja
maineen välistä yhteyttä on tutkittu vasta 2000-luvun alkupuolelta lähtien. Tällöin suuret …

This thesis examines the nature and causes of abnormal returns and trading volumes
associated with changes in the composition of the four leading Nordic stock indices. The …