Factors related to the liquidations of ETFs during 2008

dc.creator	Herminio Romero-Pérez
dc.date	2013
dc.date.accessioned	2022-03-17T18:05:00Z
dc.date.available	2022-03-17T18:05:00Z
dc.identifier	http://www.redalyc.org/articulo.oa?id=63131334002
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/50482
dc.description	The purpose of this study is to identify factors related to the closing of 50 ETFs in 2008. The study compared the sample of liquidated ETFs to a matched sample of active ETFs. The factors used as explanatory variables were: market capitalization, liquidity, ETF return, Index return, tracking error, fund age, and premium. Lower liquidity values, higher tracking errors, and higher ETF returns were associated with higher probabilities of liquidation. The researcher found evidence that ETFs market makers were profiting from the creation of new ETFs shares just before liquidating the ETFs shares at a premium.
dc.format	application/pdf
dc.language	en
dc.publisher	Centro de Investigaciones Comerciales e Iniciativas Académicas
dc.relation	http://www.redalyc.org/revista.oa?id=631
dc.rights	Forum Empresarial
dc.source	Forum Empresarial (Puerto Rico) Num.2 Vol.18
dc.subject	Administración y Contabilidad
dc.subject	Exchange-traded funds
dc.subject	ETFs
dc.subject	fund liquidation
dc.subject	fund closing
dc.title	Factors related to the liquidations of ETFs during 2008
dc.type	artículo científico