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

By Eric C. Chang. 2004

303 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/d27830a015fe04d70e47581c0bf0ce09b0b3b6a6

Citations in the corpus

• Short-Selling, Margin-Trading, and Price Efficiency: Evidence from the Chinese Market (2014, unknown): “We next investigate the change in return distributions (Chang et al., 2007; Bris et al., 2007).”
• Asset Prices Under Short-Sale Constraints (2006, unknown): “Clearly, for X̃I ≤ 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).”
• Short-Selling Bans Around the World: Evidence from the 2007-09 Crisis (2013, unknown): “We start with simple descriptive evidence about the pattern of quoted bid-ask spreads before, during and after the bans, and then provide evidence based on regression analysis.”
• Short Selling and the Price Discovery Process (2013, unknown): “Moreover, Chordia and Swaminathan (2000) show that, after controlling for size, high-volume stocks tend to respond more quickly to information in market returns than do low-volume stocks.”