Margin Trading and Securities Lending, Investor Sentiments and the Volatility of Chinese Securities Market
نویسندگان
چکیده
منابع مشابه
Securities Lending, Shorting, and Pricing
We present a model of asset valuation in which short-selling is achieved by searching for security lenders and by bargaining over the terms of the lending fee. If lendable securities are difficult to locate, then the price of the security is initially elevated, and expected to decline over time. This price decline is to be anticipated, for example, after an initial public offering (IPO), among ...
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M argin loans have long been associated in the popular mind with instability in security markets. Galbraith (1954) placed them at the center of the 1929 Crash, arguing that heavy borrowing from brokers exacerbated the rise in stock prices in the late 1920s and the stock price declines during the Crash. More recently, the analyses of the U.S. Securities and Exchange Commission (1988) and of the ...
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ژورنال
عنوان ژورنال: American Journal of Industrial and Business Management
سال: 2019
ISSN: 2164-5167,2164-5175
DOI: 10.4236/ajibm.2019.93036