...Peter Miu; Narat Charupat; Dennis Y. Chung; Karel Hrazdil Purpose 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 methodology developed by Chordia et al. Design...

...Peter Miu; Narat Charupat; Narat Charupat; Peter Miu Purpose The purpose of this paper is to provide a brief review of three strands of the literature on exchange‐traded funds. Design/methodology/approach The paper starts with a review of the history of the growth of exchange‐traded funds...

... finds that this is due to the increased demand for the SPY. Additionally, the paper provides an explanation for the large change (increase) in the pricing deviation of QQQQ after December 1, 2004 which DeFusco, Ivanov and Karels could not explain. On December 1, 2004 QQQQ trading was consolidated...

...Astrid K. Chludek Purpose In contrast to common literature that suggests that trade credit is an extremely expensive source of financing with annual interest rates exceeding 40 percent, this paper seeks to argue that the average interest rate of trade credit does not exceed the cost of alternative...