Chung, Dennis Y.; Hrazdil, Karel - In: Managerial Finance 39 (2013) April, pp. 457-475
Purpose – The aim of this paper is to examine the informational efficiency of prices of all exchange traded funds (ETFs) that are actively traded on the NYSE Arca, based on methodology developed by Chordia et al. Design/methodology/approach – The authors estimate the speed of convergence to...