The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks
Autor(a) principal: | |
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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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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 |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799137833875668992 |