Forecasting 2011 Using U.S. Precedents: A Simple Analysis of Equity Market Performance

2011 ◽  
Author(s):  
Thomas W. Hall
Keyword(s):  
Market Performance ◽  
Equity Market ◽  
Simple Analysis

Is Exchange Regulation Effective for Junior Public Equity Markets?

2018 ◽  
pp. 486-505
Author(s):  
J. Ari Pandes ◽  
Michael Robinson
Keyword(s):  
Stock Exchange ◽  
Early Stage ◽  
Market Performance ◽  
Equity Markets ◽  
Equity Market ◽  
Secondary Market ◽  
Public Firms ◽  
Market Index ◽  
Public Equity ◽  
Pool Market

In this chapter the authors examine the effectiveness of an exchange-regulated junior public equity market in the development of early-stage firms. They focus specifically on a regulated blind-pool market in Canada known as the Capital Pool Company program and show that the exchange-regulated program has increased the number of junior public firms in Canada, with over 10% graduating to a more senior stock exchange within three years on average. They also show that the firms experience strong secondary market performance pre-graduation, but that the post-graduation performance is worse than the market index in the three- and five-year periods after the graduation.

scholarly journals Converting TSX 300 Index to S&P/TSX Composite Index: Effects on the Index’s Capitalization and Performance

2016 ◽  
Vol 8 (6) ◽  
pp. 250 ◽  
Author(s):  
Shamsul Alam ◽  
Ebenezer Asem ◽  
Shirin Shams
Keyword(s):  
Important Determinant ◽  
Stock Exchange ◽  
Tracking Error ◽  
Market Performance ◽  
Composite Index ◽  
Equity Market ◽  
Toronto Stock Exchange ◽  
And Performance

<p style="margin: 0in 0in 8pt; text-align: justify; line-height: normal;">In May 2002, the TSX (Toronto Stock Exchange) 300 Index was converted to S&amp;P/TSX Composite Index, increasing the flexibility of stock addition to, and deletion from, the Index. We study whether the increased flexibility enhances the Index’s ability to mimic the Canadian equity market performance and to represent the equity market. Our results show that the S&amp;P/TSX Composite Index captures a higher proportion of the equity market and has a lower tracking error than the TSX 300 Index. This suggests that flexibility in updating the constituents of an index is an important determinant of the index’s ability to represent the underlying market.</p>

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