Redirigiendo al acceso original de articulo en 15 segundos...
ARTÍCULO
TITULO

The role of Exchange Traded Funds in the price discovery process of stocks listed on the Botswana Stock Exchange

Edson Kambeu    

Resumen

In this paper we analyse the role of Exchange Traded Funds (ETFs) in the price discovery process of stocks listed at the Botswana Stock Exchange.Using daily returns data covering the period 3 January 2013 to 31 December 2015 for Beta Betta ETF and Domestic Company Indices, we utilize a VECM model to find out whether the Betta Beta ETF is playing a significant role in the price discovery process of stocks listed on the Botswana Stock Exchange. We found the error correction term to be statistically significant thereby confirming that the Beta Betta ETF is playing a significant role in the price discovery of stocks listed on the Botswana Stock Exchange.

 Artículos similares

       
 
Sin-Huei Ng, Yunze Yang, Chin-Chong Lee and Chui-Zi Ong    
As opposed to developed markets, financing constraints are a more pressing issue among Small and Medium-Sized Enterprises (SMEs) in emerging markets. We explore the severity of financing constraints on SMEs, and examine the role of supply chain finance (... ver más

 
Elvia R. Shauki and Eva Oktavini    
The purpose of this study is to examine the influence of earnings management on the readability of annual reports while also examining the moderating role of a female director. In particular, the readability of a company?s annual report will be seen from... ver más

 
Onong Junus, Iman Harymawan, Mohammad Nasih and Muslich Anshori    
This study examines the relationship between politically connected independent commissioners and independent directors regarding the cost of debt. The sample is all companies listed on the Indonesia Stock Exchange for the 2010?2017 period, totaling 327 c... ver más

 
Seyma SAHIN KUTLU, Burak DARICI     Pág. 015 - 045
The developments in the US housing and real estate sectors played an important role during the Global Financial Crisis of 2008. The findings of previous theoretical and empirical studies have revealed that there was a strong relationship between the expa... ver más

 
Anuruddha Gamage,Widana Pathiranage Richard Wickramaratne     Pág. 50 - 59
Tea industry plays a prominent and strategic role in Sri Lanka due to its significant impact on national output, employment and socio-economic status. Therefore, the overall worker productivity in tea industry plays an integral role in terms of national ... ver más