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2015 Conference

du 15 au 16 October 2015

Orlando, FL

Welcome to the AFS Conference 2015 Schedule App. Please use the search features to see when your session or poster has been scheduled to take place. 

Internationalization of Blue-Chip versus Mid-Cap Stock Indices: An Empirical Analysis for France, Germany, and the UK

vendredi 16 octobre 2015 à 09:00–10:30 EDT
1-Council
Keywords: 5 words maximum

International Diversification, Blue-Chips, Mid-Cap Firms

Very short description for use in the program to help attendees understand more than a title can describe

We analyze the question whether blue-chip indices provide a larger degree of internationalization than mid-cap indices. Specifically, we examine internationalization of blue-chip versus mid-cap indices in France, Germany, and the UK. Investing in an index typically represents a low transaction cost alternative to individual stock picking. Our results show that, overall, both blue-chip and mid-cap stock indices are highly internationalized. Blue-chip index constituents’ degree of internationalization, however, is higher than internationalization of mid-cap indices in Germany and in the UK. The results for France do not exhibit statistically significant differences between blue-chip and mid-cap indices with respect to internationalization.

Lead & Corresponding Author

Andreas Oehler, Chair of Finance, Bamberg University
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Additional Authors

Stefan Wendt, Department of Finance, Bamberg University
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Matthias Horn, Department of Finance, Bamberg University
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Chargement en cours …