NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Does Joining the S&P 500 Index Hurt Firms?

Benjamin Bennett, René M. Stulz, Zexi Wang

NBER Working Paper No. 27593
Issued in July 2020

---- Acknowledgments ----

Bennett is from the AB Freeman School of Business, Tulane University, Stulz is from the Fisher College of Business, The Ohio State University, NBER and ECGI, and Wang is from Lancaster University Management School. We are grateful for comments at a presentation at The Ohio State University. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for René M. Stulz ----

René Stulz has a consulting practice where he is at times retained by financial institutions or their attorneys. He also belongs to the board of trustees of the Global Association of Risk Professionals.

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