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Changes in the Standard and Poor's 500 List

Upinder Dhillon and Herb Johnson

The Journal of Business, 1991, vol. 64, issue 1, 75-85

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.

Date: 1991
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Citations: View citations in EconPapers (73)

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