Institutional investment horizon and the S&P 500 index addition

Tremblay, Bruno

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.)