This paper examines the price impact of trading due to expected changes in the FTSE 100 index composition, which employs publicly-known objective criteria to determine membership. Hence, it provides a natural context to investigate anticipatory trading effects. We propose a panel-regression...

Analysis of risk and return of individual stock is primary steps of every investor before making investment. The main purpose of individual investor is maximizing wealth in a low level of risk. But it is very difficult to find out such investment avenue from the pool of investment avenues. In...