Chu, Quentin C.; Kayali, Mustafa Mesut - In: Applied Econometrics and International Development 6 (2006) 3
This study examines the market quality of S&P 500 index futures in 150-day periods before and after the introduction of Standard & Poor’s Depositary Receipts, SPDRs, on January 29, 1993. In a preliminary test of structure change, results fail to reject the null hypothesis that the empirical...
