Articles liés à Banning Short Selling: Return and Liquidity Effects...

Banning Short Selling: Return and Liquidity Effects of Bans on Covered Short Selling During the 2008-2009 Financial Crisis - Couverture souple

Dürr, Rolf

 
9783639368673: Banning Short Selling: Return and Liquidity Effects of Bans on Covered Short Selling During the 2008-2009 Financial Crisis
Couverture souple
ISBN 10 : 3639368673 ISBN 13 : 9783639368673
Editeur : VDM Verlag Dr. Müller, 2011

Synopsis

Although most researches conclude that short selling is beneficial to market efficiency, short selling has been banned in various stock markets during the 2008-2009 financial crisis. This study examines the effect of covered short selling bans on banned stocks in terms of return and liquidity characteristics in four different equity markets (US, Canada, Great Britain, Denmark) during this period. Since these markets contain stocks which have been affected by the ban as well as stocks that have not been affected, they offer a special opportunity for research. Results of this study imply, that no beneficial effects resulted from the ban. In three out of four examined markets short selling bans had negative effects on banned stocks in terms of liquidity, returns or intraday volatility.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Although most researches conclude that short selling is beneficial to market efficiency, short selling has been banned in various stock markets during the 2008-2009 financial crisis. This study examines the effect of covered short selling bans on banned stocks in terms of return and liquidity characteristics in four different equity markets (US, Canada, Great Britain, Denmark) during this period. Since these markets contain stocks which have been affected by the ban as well as stocks that have not been affected, they offer a special opportunity for research. Results of this study imply, that no beneficial effects resulted from the ban. In three out of four examined markets short selling bans had negative effects on banned stocks in terms of liquidity, returns or intraday volatility.

Biographie de l'auteur

Rolf Dürr holds a master degree in banking and finance from the University of St. Gallen. Currently he works as a consultant for financial services firms in Zurich.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
VDM Verlag Dr. Müller
Date d'édition
2011
Langue
anglais
ISBN 10 
3639368673
ISBN 13 
9783639368673
Reliure
Broché
Nombre de pages
104
Coordonnées du fabricant
non disponible
Personne responsable
non disponible