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Changes in the Standard and Poor's 500 List

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Author Info
Dhillon, Upinder
Johnson, Herb
Abstract

L. Harris and E. Gurel (1986) and A. Shleifer (1986) examined changes in the Standard and Poor's list. Both studies presented evidence inconsistent with efficient markets. Looking at newer data and at bond and option prices, the authors find that case against market efficiency is not compelling. Copyright 1991 by University of Chicago Press.

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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Business.

Volume (Year): 64 (1991)
Issue (Month): 1 (January)
Pages: 75-85
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Handle: RePEc:ucp:jnlbus:v:64:y:1991:i:1:p:75-85

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