Wang, Chien-Cheng; Liau, Yung-Shi; Yang, Jack J.W. - In: Global Journal of Business Research 3 (2009) 1, pp. 117-131
This paper empirically explores the impact of the spot index on the exchange trade fund (ETF) indices in Taiwan, with the vector autoregressive (VAR) model revealing positive relationships between the six time-series variables. Our results indicate that the ETF 52 index has the greatest...
