Chan, Keith; Zhao, Ruoyun - In: Managerial Finance 44 (2018) 10, pp. 1237-1249
Purpose: The purpose of this paper is to examine the information content in the Standard & Poor (S&P) 500 index revision and its impact on the corporate bonds and earnings of the firms whose stocks are added to or deleted from the index. Design/methodology/approach: The paper uses panel...