Short-Sales Constraints and Price Discovery: Evidence from the Hong Kong Market

By Eric C. Chang, Joseph W. Cheng, Yinghui Yu. 2007

177 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/68e12d53432c30680b78f691329ea14f80be8e19

Citations in the corpus

• Price Efficiency and Short Selling (2011, unknown): “Overall, we show that the positive link between skewness and short-sale constraints exists also at the stock level, unlike the results of Bris, Goetzmann, and Zhu (2007), and of Chang, Cheng, and Yu (2007) in Hong Kong’s stock market.”
• Asset Prices Under Short-Sale Constraints (2006, unknown): “Clearly, for XI ≤ θ̂ /h, the short-sale constraint is not binding for the I-investors and the equilibrium stock price has the same form as in the case without short-sale constraints given in (9).”