Demand of passive index tracking funds has fared as a convincing explanation to justify the large positive (negative …) abnormal returns experienced by firms added to (deleted from) S&P 500. However, the shrinking magnitude of the index effect … predicts, and substantial abnormal returns before the index announcements suggest that demand of index funds doesn’t seem to be …

is increasing in its productivity, with the most productive multinationals choosing not to rely on a foreign partner at … direct investment ; multinational enterprise ; joint venture ; productivity …

is increasing in its productivity, with the most productive multinationals choosing not to rely on a foreign partner at …