Stock price and volume effects associated with changes in Nikkei 225 index.
Date of Issue2003
College of Business (Nanyang Business School)
This thesis investigates the stock price and trading volume effects associated with components change of the NIKKEI 225 index. As changes of NIKKEI 225 composition do not convey information on the prospects of firm value, it should not have any impact on the stock price under the efficient markets hypothesis.
Nanyang Technological University