Levy, Tamir; Yagil, Joseph - In: Journal of International Financial Markets, … 26 (2013) C, pp. 91-99
stock exchange. In July 2010, the Tel Aviv Stock Exchange changed the criteria for the construction of five of its indices …. Using data from these five stock indices for the years 2009–2011, we find that the reform increased the quality of all five … indices. The liquidity of the indices increased, the volatility of their returns decreased, and their mean return remained …