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A trillion-dollar industry is based on investing in or benchmarking to capitalization-weighted indexes, even though the finance literature rejects the mean-variance efficiency of such indexes. This study investigates whether stock market indexes based on an array of cap-indifferent measures of...
Persistent link: https://www.econbiz.de/10012784691
A trillion-dollar industry is based on investing in or benchmarking to capitalization-weighted indexes, even though the finance literature rejects the mean-variance efficiency of such indexes. This study investigates whether stock market indexes based on an array of cap-indifferent measures of...
Persistent link: https://www.econbiz.de/10012707226
Persistent link: https://www.econbiz.de/10006622208
Persistent link: https://www.econbiz.de/10008375422