Managerial Finance


Accounting and Finance

Table Of Contents: Volume 39 Issue 5

High‐frequency analysis of exchange traded funds' pricing deviation

Stoyu I. Ivanov

The purpose of this study is to extend the work of DeFusco, Ivanov and Karels by examining pricing deviation of DIA, SPY and QQQQ on intradaily basis.

Speed of convergence to market efficiency in the ETFs market

Dennis Y. Chung, Karel Hrazdil

The aim of this paper is to examine the informational efficiency of prices of all exchange traded funds (ETFs) that are actively traded on the NYSE Arca, based on…

Leveraged and inverse ETF performance during the financial crisis

Pauline M. Shum, Jisok Kang

Leveraged and inverse ETFs (hereafter leveraged ETFs) have received much press coverage of late due to issues with their performance. Managers and the media have focused…

Short‐sale constraints and securities lending by exchange‐traded funds

Naresh Bansal, Ryan McKeon, Marko Svetina

The purpose of this paper is to investigate the extent to which introduction of ETFs reduces short‐sale constraints in their constituent stocks.

Recent developments in exchange‐traded fund literature

Narat Charupat, Peter Miu

The purpose of this paper is to provide a brief review of three strands of the literature on exchange‐traded funds.



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  • Professor Don Johnson