Investigating the Price and Volume Effect following Changes on OMX Nordic Indices
In the last decade, there has been a substantial shift from actively managed funds to funds with passive investment strategies. This shift was also observed by Shleifer (1986), who identified that passive investment funds began to significantly increase their ownership of the S&P 500 in the period between 1975 and 1983. As the ownership of the stock market increased as the number of index fund
