Bridge over ocean
1 January 2011 Financial Analysts Journal Volume 67, Issue 1

Demand and Supply and Their Relationship to Liquidity: Evidence from the S&P 500 Change to Free Float

  1. David Lam
  2. Bing-Xuan Lin
  3. David Michayluk

In the context of the switch to free-float weighting in the S&P 500 Index, this study of the effect of the availability of shares on liquidity in the medium term found cross-sectional differences in liquidity and price impact measures that gradually narrowed following each phase of the free-float adjustment.

Read the Complete Article in Financial Analysts Journal Financial Analysts Journal CFA Institute Member Content
CFA Members Earn 1PL
Record PL credit Manage your Professional Learning credits
Publisher Information
CFA Institute 17 pages doi.org/10.2469/faj.v67.n1.3 ISSN/ISBN: 0015-198X

We’re using cookies, but you can turn them off in Privacy Settings.  Otherwise, you are agreeing to our use of cookies.  Accepting cookies does not mean that we are collecting personal data. Learn more in our Privacy Policy.