Analysis of Short Sale Determinants along Particular NASDAQ Sectors
| Authors | |
|---|---|
| Year of publication | 2016 |
| Type | Article in Proceedings |
| Conference | PROCEEDINGS OF THE 15TH INTERNATIONAL CONFERENCE ON FINANCE AND BANKING |
| MU Faculty or unit | |
| Citation | |
| Keywords | blue chips; short sales; NASDAQ; determinants; panel regression |
| Description | The aim of this paper is to test hypotheses of the short-sale trading and to analyze short sale determinants along particular sectors of NASDAQ index. The analysis is carried out for firm-specific variables and market characteristics of blue chips traded on NASDAQ in the period 2000 - 2014. The panel regression is applied to investigate whether determinants are long term stable of vary within particular sectors. The analysis also uncovers the stability of these determinants in short and long run. The results are compared and findings about attractiveness of particular stocks for short sale are suggested. |