You are not currently logged in.
Access JSTOR through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Changes in the Standard and Poor's 500 List
Upinder Dhillon and Herb Johnson
The Journal of Business
Vol. 64, No. 1 (Jan., 1991), pp. 75-85
Published by: The University of Chicago Press
Stable URL: http://www.jstor.org/stable/2353073
Page Count: 11
You can always find the topics here!Topics: Prices, Stock prices, Call options, Market prices, Financial bonds, Treasury bonds, Standard and Poors 500 Index, Finance, Statistical variance, Corporate bonds
Were these topics helpful?See somethings inaccurate? Let us know!
Select the topics that are inaccurate.
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
Harris and Gurel (1986) and Shleifer (1986) examined changes in the S & P list. Both studies presented evidence inconsistent with efficient markets. Looking at newer data and at bond and option prices, we find the case against market efficiency is not compelling.
The Journal of Business © 1991 The University of Chicago Press