Purpose − The purpose of this study is to examine changes in stock returns, liquidity, institutional ownership, analyst following, and investor awareness for companies added to and deleted from the Dow Jones Industrial Average (DJIA) index. Previous studies report conflicting evidence...

This paper suggests the use of Russian proverbs related to money to engage Russian-speaking students in the business classroom. Russian proverbs enhance teaching by appealing to Russian students' cultural background, by presenting ideas in a concise and memorable way, and by creating a...

I examine the slope of the demand curve for stocks by analyzing the transition of the Samp;P 500, Samp;P MidCap 400, and Samp;P SmallCap 600 from market capitalization to free float weighting, which occurred in 2005. This unique information-free event allows isolating the effect of the decrease...

I examine the effect of demand on stock prices by analyzing the transition of the Samp;P 500 index from market capitalization to free float weighting, which occurred in 2005. I find that a decrease in demand produced a permanent stock price decline, which was accompanied by significant abnormal...

Stocks added to the Samp;P 500 generally experience positive abnormal returns following the announcement. Several competing explanations exist for this reaction, but small sample sizes and other issues make it difficult to distinguish among them. We examine this subject using the small-cap...

I examine the effect of demand on stock prices by analyzing the conversion of the TIPs 35 and TIPs 100 exchange-traded funds into the i60 Fund. This conversion occurred at the Toronto Stock Exchange on March 6, 2000. Forty stocks of the TIPs 100 Fund that were not members of the new units of the...

The relationship between student online activity (including access to specific course materials) and student performance is examined in a traditional face-to-face introductory finance course supported with a class web site. Six measures are used: total hits, hit consistency, number of unique...

In this paper, we examine the performance of students who repeat an introductory finance course, and compare this performance to that of students who take this course for the first time. We find that students who completed the course in the past with a failing or passing grade show a...

We compare the market reactions of developed and emerging market firms to reconstitutions of the FTSE Environmental Opportunities (FTSE EO) index. Our primary finding is that developed market firms that were added to or deleted from the FTSE EO experience significant increases in stock prices...

To examine whether investors value environmental sustainability, we analyze stock market reactions of the firms added to or deleted from the FTSE Environmental Opportunities 100 index (FTSE EO 100). Firms added to the FTSE EO 100 that were not previously in the FTSE EO and firms removed from the...