Short sales constraints and price adjustment to earnings announcements
This study looks at how short sales constraints affect the stock price adjustment to the release of public information in the Hong Kong Stock Exchange for a sample of 4,757 firm-event observations over the period 1994-2011. Using a unique feature of this market that allows us to directly investigate...
| Main Authors: | , , |
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| Format: | Others |
| Published: |
Australian Business School, the University of New South Wales,
2014-02-17T23:08:57Z.
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| Subjects: | |
| Online Access: | Get fulltext |