Download or read book Short-Sales Constraints and Stock Return Asymmetry written by C. James Hueng and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The difficulty of short-selling stocks in the Chinese markets conforms to the assumption of the quot;Differences-of-Opinionquot; theory and therefore, provides an empirical framework for testing the theory. Our results show evidence supporting the theory: heavier trading predicts a more negatively skewed return.