Short selling, margin trading, and the incorporation of new information into prices
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- 作者：Jun Chena ; juchen@aut.ac.nz" class="auth_mail" title="E-mail the corresponding author ; Palani-Rajan Kadapakkamb ; palanirajan.kadapakkam@utsa.edu" class="auth_mail" title="E-mail the corresponding author ; Ting Yanga ; ting.yang@aut.ac.nz" class="auth_mail" title="E-mail the corresponding author
- 关键词：G12 ; G14 ; G18
- 刊名：International Review of Financial Analysis
- 出版年：2016
- 出版时间：March 2016
- 年：2016
- 卷：44
- 期：Complete
- 页码：1-17
- 全文大小：611 K
文摘
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Price efficiency is positively associated with the intensity of short selling and margin trading.
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Short selling (margin buying) escalates during the five days before negative (positive) news.
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A non-linear relation exists between price efficiency and the number of authorized brokerages.