We examine market reactions to changes in the FTSE SmallCap index membership, which are determined quarterly based on market capitalization and are free of information effects. Our main results are asymmetric price and liquidity responses between the firms that are shifted between FTSE indexes...

I examine the effect of demand on stock prices by analyzing the conversion of the TIPs 35 and TIPs 100 exchange-traded funds into the i60 Fund. This conversion occurred at the Toronto Stock Exchange on March 6, 2000. Forty stocks of the TIPs 100 Fund that were not members of the new units of the...

I examine the slope of the demand curve for stocks by analyzing the transition of the Samp;P 500, Samp;P MidCap 400, and Samp;P SmallCap 600 from market capitalization to free float weighting, which occurred in 2005. This unique information-free event allows isolating the effect of the decrease...

I examine the effect of demand on stock prices by analyzing the transition of the Samp;P 500 index from market capitalization to free float weighting, which occurred in 2005. I find that a decrease in demand produced a permanent stock price decline, which was accompanied by significant abnormal...

Purpose − The purpose of this study is to examine stock price and trading volume reactions to name changes of the Toronto Stock Exchange listed companies. Previous studies present conflicting evidence on reactions to corporate name changes in U.S. and other capital...

We examine market responses to changes in the Nasdaq 100 index membership and find asymmetric stock price and investor awareness reactions. Stocks added to the Nasdaq 100 index for the first time experience permanent price gains and significant increases in investor awareness, whereas repeated...

Purpose − The purpose of this study is to examine changes in stock returns, liquidity, institutional ownership, analyst following, and investor awareness for companies added to and deleted from the Dow Jones Industrial Average (DJIA) index. Previous studies report conflicting evidence...

This paper suggests the use of Russian proverbs related to money to engage Russian-speaking students in the business classroom. Russian proverbs enhance teaching by appealing to Russian students' cultural background, by presenting ideas in a concise and memorable way, and by creating a...

In this paper, we examine the performance of students who repeat an introductory finance course, and compare this performance to that of students who take this course for the first time. We find that students who completed the course in the past with a failing or passing grade show a...

The relationship between student online activity (including access to specific course materials) and student performance is examined in a traditional face-to-face introductory finance course supported with a class web site. Six measures are used: total hits, hit consistency, number of unique...