Does Joining the S&P 500 Index Hurt Firms?
Benjamin Bennett is Assistant Professor at the Tulane University A.B. Freeman School of Business; René M. Stulz is the Everett D. Reese Chair of Banking and Monetary Economics at the Fisher College of Business at The Ohio State University; and Zexi Wang is an Assistant Professor at the Lancaster University School of Management. This post is based on their recent paper.For investors wanting to hold common stocks, the best-known investment textbooks show that it is hard to do better than investing…
