Short-Sales Constraints and Stock Return Asymmetry
Author | : C. James Hueng |
Publisher | : |
Total Pages | : |
Release | : 2006 |
ISBN-10 | : OCLC:1291206881 |
ISBN-13 | : |
Rating | : 4/5 (81 Downloads) |
Book Synopsis Short-Sales Constraints and Stock Return Asymmetry by : C. James Hueng
Download or read book Short-Sales Constraints and Stock Return Asymmetry written by C. James Hueng and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The difficulty of short-selling stocks in the Chinese markets conforms to the assumption of the quot;Differences-of-Opinionquot; theory and therefore, provides an empirical framework for testing the theory. Our results show evidence supporting the theory: heavier trading predicts a more negatively skewed return.