ETFs as a Disciplinary Device *
The study shows that active exchange-traded funds (AETFs) help investors remove underperforming managers, leading to improved sector efficiency and price informativeness.
Featured in No. 80 on 1 Jan 2025 · 41 days after release · 0 citations today
- Released
- 21 Nov 2024
- First featured
- No. 80 · 1 Jan 2025
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- 9
- Identifier
- SSRN 5069499
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