Research seminars

The Economic Impact of Index Investing

Finance

Speaker: Matthew Ringgenberg
The University of Utah

30 March 2017 - T004 - From 2:00 pm to 3:15 pm

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We examine the impact of index investing on rm performance by examining the link between commodity indices and rms that use index commodities. Starting in 2004 there was a dramatic increase in commodity index investing, an event referred to as the nancialization of commodity markets. After nancialization, rms that use index commodities make worse production decisions and earn lower pro ts. Consistent with a feedback channel in which market participants learn from prices, our results suggest that index investing in nancial markets distorts the price signal thereby generating a negative externality that impedes rms' ability to make production decisions.

Finance

Speaker: Adriano Rampini

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Finance

Speaker: Luke Taylor

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18 April 2019 - T104 - From 2:00 pm to 3:15 pm


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Speaker: Emil Verner

4 April 2019 - T104 - From 2:00 pm to 3:15 pm


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