DocumentCode
560227
Title
The Influence of Short Sales on Stock Market in China
Author
Huaiyu, Yuan ; Qizhen, Lei
Author_Institution
Sch. of Econ., Central South Univ. of Forestry & Technol., Changsha, China
Volume
1
fYear
2011
fDate
26-27 Nov. 2011
Firstpage
222
Lastpage
225
Abstract
Through the comparison between the liquidity and volatility of the Shanghai Composite Index before and after launch of short selling, this paper draws a conclusion that the liquidity does not significantly increase after the introduction of short selling, but the volatility significantly decrease. In addition, the volatility model advanced by Hardouvelis and Theodosiou (2001) is used to study the day volatility. The results further confirm the above conclusion.
Keywords
economic indicators; stock markets; China; Shanghai composite index; liquidity model; short sale influence; short selling; stock market; volatility model; Computer crashes; Educational institutions; Finance; Indexes; Marketing and sales; Security; Stock markets; liquidity; non-parametric test; short sales; volatility;
fLanguage
English
Publisher
ieee
Conference_Titel
Information Management, Innovation Management and Industrial Engineering (ICIII), 2011 International Conference on
Conference_Location
Shenzhen
Print_ISBN
978-1-61284-450-3
Type
conf
DOI
10.1109/ICIII.2011.58
Filename
6114619
Link To Document