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Cited by 377

The DOI matches its Crossref record; 11 of the 11 references it cites were found in a registry or an index.

Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment

Kaul, Aditya, Mehrotra, Vikas, Morck, Randall·2000·The Journal of Finance
DOI 10.1111/0022-1082.00230
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Abstract

Weights in the Toronto Stock Exchange 300 index are determined by the market values of the included stocks' public floats. In November 1996, the exchange implemented a previously announced revision of its definition of the public float. This revision, which increased the floats and the index weights of 31 stocks, conveyed no information and had no effect on the legal duties of shareholders. Affected stocks experienced statistically significant excess returns of 2.3 percent during the event week, and no price reversal occurred as trading volume returned to normal levels. These findings support downward sloping demand curves for stocks.

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Metadata

Authors
Kaul, A., Mehrotra, V., & Morck, R.
Venue
The Journal of Finance
Publisher
Wiley
Published
2000-04
Volume
55
Issue
2
Pages
893-912
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/0022-1082.00230
OpenAlex
W2008746337
Cited by
377
References
11
FWCI
24.84
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment. https://app.cochat.ai/papers/10.1111/0022-1082.00230
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Kaul, A., Mehrotra, V., & Morck, R. (2000). Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment. The Journal of Finance. https://doi.org/10.1111/0022-1082.00230

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.