Related Books

Short Sale Constraints, Dispersion of Opinions, and Overnight Returns
Language: en
Pages: 86
Authors: Henk Berkman
Categories:
Type: BOOK - Published: 2007 - Publisher:

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Using nine years of data for the largest 3,000 U.S. stocks, we find a tendency for positive returns during the overnight non-trading period followed by reversal
Dispersion of Opinions, Limits to Arbitrage, and Overnight Returns
Language: en
Pages: 64
Authors: Henk Berkman
Categories:
Type: BOOK - Published: 2009 - Publisher:

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Using nine years of intraday data for the largest 3,000 U.S. stocks, we find a strong tendency for positive returns during the overnight period followed by reve
Short Sale Constraints, Correlation and Market Efficiency
Language: en
Pages: 33
Authors: Christos I. Giannikos
Categories:
Type: BOOK - Published: 2017 - Publisher:

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This paper models a market where short sales are prohibited and investors have heterogeneous beliefs on asset values. We show that short sale constraints may ca
Short Sale Constraints and Stock Returns
Language: en
Pages: 34
Authors: Charles Mark Jones
Categories: Economics
Type: BOOK - Published: 2001 - Publisher:

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Stocks can be overpriced when short sale constraints bind. We study the costs of short selling equities, 1926-1933, using the publicly observable market for bor
Two Essays on Short Selling and Uptick Rules
Language: en
Pages: 193
Authors:
Categories:
Type: BOOK - Published: 2008 - Publisher:

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For many years, academics generally viewed uptick rules as short sale constraints that contribute to stock overvaluation and hamper stock price efficiency. Rece