S&P 500 membership may be for sale, says NBER


NEW YORK: Major US corporations that purchase ratings from S&P Global Inc have a higher chance of entering the S&P 500 Index – even when they don’t meet all criteria for inclusion, according to a new study.

The non-peer reviewed paper from academics at the Australian National University and Columbia University, published by the National Bureau of Economic Research (NBER), suggests companies are seeking to curry favour with the index provider by buying additional services.

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