The Chinese Warrants Bubble
By M. Howard. 2012
189 citations recorded by the source corpus.
Subfields: Political Science and International Relations
View Paper: https://www.semanticscholar.org/paper/35aced943f8bbe5c8dfeef604beefc06d55c3b21
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In Political Science and International Relations
Citations in the corpus
- Sectoral bubbles, misallocation, and endogenous growth☆ (2014, unknown): “All rights reserved.”
- China's Secondary Privatization: Perspectives from the Split-Share Structure Reform (2014, unknown): “Highly volatile stock prices in the Chinese stock markets are likely driven by speculative trading activities (Sun and Tong, 2003; Allen, Qian, and Qian, 2005; Xiong and Yu, 2011).”
- Psychology-based Models of Asset Prices and Trading Volume (2018, background): “Even in actual financial markets, we can sometimes compute this present value with a high degree of confidence, or at least put sharp bounds on it (Xiong and Yu, 2011).”
- Overconfident Investors, Predictable Returns, and Excessive Trading (2015, unknown): “They estimate this model using a dataset on trades, prices, and information releases for US traded firms and conclude that, without overconfidence-based trading, volumes would be smaller by a factor of 100. Finally, motivated by psychological evidence that men are more overconfident than women in de”
- Extrapolation and bubbles (2018, unknown): “Although the existence of bubbles in this sense appears uncontroversial in experimental (Smith, Suchanek, and Williams, 1988) or some unusual market (Xiong and Yu, 2011) settings, our paper does not speak to these controversies.”
- Risks in China's Financial System (2018, unknown): “…in 2005–2008 provided another vivid example of how investors who lacked the basic knowledge of stock warrants caused frenzied speculation and highly inflated prices for fundamentally worthless securities, e.g., Xiong and Yu (2011), Gong, Pan, and Shi (2016), Pearson, Yang, and Zhang (2017).”
- Bubbles, Financial Crises, and Systemic Risk (2012, unknown): “Xiong and Yu (2011) document that out of-the-money warrants that were essentially worthless were traded heavily at extremely inflated prices.”