The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks

Detalhes bibliográficos
Autor(a) principal: Silva, João Miguel dos Santos
Data de Publicação: 2012
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/9617
Resumo: A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
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spelling The effects Ishares IBovespa index fund creation on the liquidity of underlying stocksLiquidityExchange-traded fundsUnderlying stocksA Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and EconomicsI investigate the impact of Ishares Ibovespa Index Fund (BOVA) introduction on the liquidity of the underlying securities and the asymmetry of the liquidity effect depending on the BOVA component weight. My main finding is that there was no impact on liquidity of underlying components after the introduction of the exchange-traded fund and also that the absence of effect in liquid is symmetric for all the component securities. Additional, I find that BOVA has a low trading volume and liquidity over the 50 days of trading as compared with other ETF’s at the moment of inception. Being this the main reason for the absence of impact on the liquidity of components securities after BOVA inception.NSBE - UNLPrado, MelissaRUNSilva, João Miguel dos Santos2013-05-14T15:11:15Z2012-062012-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/9617enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:42:52Zoai:run.unl.pt:10362/9617Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:18:56.400684Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks
title The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks
spellingShingle The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks
Silva, João Miguel dos Santos
Liquidity
Exchange-traded funds
Underlying stocks
title_short The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks
title_full The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks
title_fullStr The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks
title_full_unstemmed The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks
title_sort The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks
author Silva, João Miguel dos Santos
author_facet Silva, João Miguel dos Santos
author_role author
dc.contributor.none.fl_str_mv Prado, Melissa
RUN
dc.contributor.author.fl_str_mv Silva, João Miguel dos Santos
dc.subject.por.fl_str_mv Liquidity
Exchange-traded funds
Underlying stocks
topic Liquidity
Exchange-traded funds
Underlying stocks
description A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
publishDate 2012
dc.date.none.fl_str_mv 2012-06
2012-06-01T00:00:00Z
2013-05-14T15:11:15Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/9617
url http://hdl.handle.net/10362/9617
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv NSBE - UNL
publisher.none.fl_str_mv NSBE - UNL
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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