Essays about: "Alexander Ivan Soffronow Pagonidis"

Found 1 essay containing the words Alexander Ivan Soffronow Pagonidis.

  1. 1. Short Sale Constraints: Effects on Crashes, Price Discovery, and Market Volatility

    University essay from Internationella Handelshögskolan

    Author : Alexander Ivan Soffronow Pagonidis; [2009]
    Keywords : short-selling; market efficiency; regulation; valuation; crashes;

    Abstract : The recent SEC ban on short selling has presented an unrivaled opportunity to explore the effects of short selling constraints on crashes, market efficiency, and volatility. In this paper I carry out two groups of empirical tests on the individual banned stocks and a series of portfolios created from them: the first tests the hypothesis that short sale constraints increase the frequency and magnitude of crashes, by testing Hong & Stein’s (2003) model of market crashes. READ MORE