Ιδρυματικό Αποθετήριο Ακαδημαϊκής Έρευνας
Πανεπιστήμιο Μακεδονίας
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https://ruomo.lib.uom.gr/handle/7000/1773Πλήρης εγγραφή μεταδεδομένων
| Πεδίο DC | Τιμή | Γλώσσα |
|---|---|---|
| dc.contributor.author | Dasilas, Apostolos | - |
| dc.date.accessioned | 2023-11-24T10:57:14Z | - |
| dc.date.available | 2023-11-24T10:57:14Z | - |
| dc.date.issued | 2022-11 | - |
| dc.identifier | 10.1016/j.irfa.2022.102413 | en_US |
| dc.identifier.issn | 1057-5219 | en_US |
| dc.identifier.uri | https://doi.org/10.1016/j.irfa.2022.102413 | en_US |
| dc.identifier.uri | https://ruomo.lib.uom.gr/handle/7000/1773 | - |
| dc.description.abstract | Employing a database of seven successive short-selling and margin trading ban lifts in the Chinese stock markets during the period 2010–2020, I investigate the impact of leveraged trading transactions on the investment-to-price sensitivity. I also examine whether stock liquidity and institutional shareholdings affect the investment sensitivity subsequent to the lift of short-selling and margin trading constraints. The results from the panel data regression analysis show that lifting bans lead to less corporate investment and a decrease of the investment-to-price sensitivity between 0.29% and 0.44%. Moreover, the regression results reveal that the investment-to-price sensitivity is stronger for more liquid stocks, while the proportion of institutional shareholdings does not affect significantly the corporate investment sensitivity. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier | en_US |
| dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 International | * |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | * |
| dc.source | International Review of Financial Analysis | en_US |
| dc.subject | FRASCATI::Social sciences::Economics and Business::Finance | en_US |
| dc.subject.other | Margin trading | en_US |
| dc.subject.other | Short selling | en_US |
| dc.subject.other | Investment sensitivity | en_US |
| dc.subject.other | Liquidity | en_US |
| dc.subject.other | Institutional shareholdings | en_US |
| dc.title | The impact of margin trading and short selling on the investment-to-price sensitivity. Evidence from China | en_US |
| dc.type | Article | en_US |
| dc.contributor.department | Τμήμα Εφαρμοσμένης Πληροφορικής | en_US |
| local.identifier.volume | 84 | en_US |
| local.identifier.firstpage | 102413 | en_US |
| Εμφανίζεται στις Συλλογές: | Τμήμα Εφαρμοσμένης Πληροφορικής | |
Αρχεία σε αυτό το Τεκμήριο:
| Αρχείο | Περιγραφή | Μέγεθος | Μορφότυπος | |
|---|---|---|---|---|
| The impact of margin trading and short selling on the investment-to-price sensitivity. Evidence from China.pdf Until 2024-10-23 | 607,99 kB | Adobe PDF | Προβολή/Ανοιγμα Αίτηση αντιτύπου |
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