Institutional investment horizon and the S&P 500 index addition

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dc.contributor.advisor Attig, Najah, 1973-
dc.creator Tremblay, Bruno
dc.date.accessioned 2013-09-28T19:04:12Z
dc.date.available 2013-09-28T19:04:12Z
dc.date.issued 2013
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25243
dc.description 1 online resource (vi, 27 p.)
dc.description Includes abstract.
dc.description Includes bibliographical references (p. 25-26).
dc.description.abstract This paper aims to examine the effect of institutional investment horizon on the stock response to S&P500 index additions. The study argues that institutional investors with a longer investment horizon will monitor more closely the investee firm, which will likely lead to a better stock response to index addition. The results show that long-term institutional investors improve the stock response to index addition on an event window of 120 days. This evidence suggests that when we look at the different roles of the institutional investors, it is important to account for institutional heterogeneity. en_CA
dc.description.provenance Submitted by Trish Grelot (trish.grelot@smu.ca) on 2013-09-28T19:04:12Z No. of bitstreams: 1 tremblay_bruno_mrp_2013.pdf: 575997 bytes, checksum: ea70e5906b357578a587d91353a4a24e (MD5) en
dc.description.provenance Made available in DSpace on 2013-09-28T19:04:12Z (GMT). No. of bitstreams: 1 tremblay_bruno_mrp_2013.pdf: 575997 bytes, checksum: ea70e5906b357578a587d91353a4a24e (MD5) en
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title Institutional investment horizon and the S&P 500 index addition en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)
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