Cross-sectional Analysis of Short Sale Determinants in the US Market Sectors
| Autoři | |
|---|---|
| Rok publikování | 2015 |
| Druh | Článek ve sborníku |
| Konference | EUROPEAN FINANCIAL SYSTEMS 2015: PROCEEDINGS OF THE 12TH INTERNATIONAL SCIENTIFIC CONFERENCE |
| Fakulta / Pracoviště MU | |
| Citace | |
| www | http://is.muni.cz/do/econ/sborniky/2015/EFS_2015_proceedings.pdf |
| Obor | Ekonomie |
| Klíčová slova | short sale; panel regression with fixed effect; blue chips; Standard & Poor's index |
| Popis | The aim of this paper is to analyze short sale determinants along particular sectors in the U.S. market. The analysis is carried out for firm-specific and market characteristics of blue chips traded in the NYSE in the period 2000 - 2014. The motivation of investors for short sale is explained by four short sale hypotheses. The results for particular sectors are compared with those for the full sample and findings about attractively of particular stocks for short sale are suggested. The analysis is based on application of panel regression with fixed effect. |