International Journal of Finance & Banking Studies

International Journal of Finance & Banking Studies

The role of Exchange Traded Funds in the price discovery process of stocks listed on the Botswana Stock Exchange

Yazarlar: Edson Kambeu

Cilt 6 , Sayı 1 , 2017 , Sayfalar -

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Anahtar Kelimeler:Price discovery Exchange Traded Funds stock exchange

Özet: In this paper we analyse the role of Exchange Traded Funds (ETFs) in the price discovery process of stocks listed at the Botswana Stock Exchange.Using daily returns data covering the period 3 January 2013 to 31 December 2015 for Beta Betta ETF and Domestic Company Indices, we utilize a VECM model to find out whether the Betta Beta ETF is playing a significant role in the price discovery process of stocks listed on the Botswana Stock Exchange. We found the error correction term to be statistically significant thereby confirming that the Beta Betta ETF is playing a significant role in the price discovery of stocks listed on the Botswana Stock Exchange.

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@article{2017, title={The role of Exchange Traded Funds in the price discovery process of stocks listed on the Botswana Stock Exchange}, volume={6}, number={0}, publisher={International Journal of Finance & Banking Studies}, author={Edson Kambeu}, year={2017} }
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Edson Kambeu. (2017). The role of Exchange Traded Funds in the price discovery process of stocks listed on the Botswana Stock Exchange (Vol. 6). Vol. 6. International Journal of Finance & Banking Studies.
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Edson Kambeu. The Role of Exchange Traded Funds in the Price Discovery Process of Stocks Listed on the Botswana Stock Exchange. no. 0, International Journal of Finance & Banking Studies, 2017.
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