University Library
  • Login
A gateway to Melbourne's research publications
Minerva Access is the University's Institutional Repository. It aims to collect, preserve, and showcase the intellectual output of staff and students of the University of Melbourne for a global audience.
View Item 
  • Minerva Access
  • Business & Economics
  • Economics
  • Economics - Research Publications
  • View Item
  • Minerva Access
  • Business & Economics
  • Economics
  • Economics - Research Publications
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

    The determinants of short selling in the Hong Kongequities market

    Thumbnail
    Citations
    Altmetric
    Author
    McKenzie, Michael; Henry, Ólan T.
    Date
    2007-09
    University of Melbourne Author/s
    McKenzie, Michael; HENRY, OLAN
    Affiliation
    Economics and Commerce: Department of Economics
    Metadata
    Show full item record
    Document Type
    Other
    Citations
    McKenzie, Michael and Henry, Ólan T. (2007) The determinants of short selling in the Hong Kongequities market.
    Access Status
    This item is currently not available from this repository
    URI
    http://hdl.handle.net/11343/33518
    Description

    Awaiting return of copyright permission form

    Abstract
    This paper investigates the determinants and information content of short selling in the Hong Kong equity market. Using daily data on the volume of short selling in individual stocks, we find that dividend payments, company fundamentals, risk, option trading, the interest rate spread and past returns and short selling are all significant determinants of short selling. Further, higher short selling in the current period is associated with higher returns in the next period. Once short sellers reduce their activity in the market however, negative returns are expected to follow.
    Keywords
    Short selling; equity market efficiency

    Export Reference in RIS Format     

    Endnote

    • Click on "Export Reference in RIS Format" and choose "open with... Endnote".

    Refworks

    • Click on "Export Reference in RIS Format". Login to Refworks, go to References => Import References


    Collections
    • Economics - Research Publications [588]
    Minerva AccessDepositing Your Work (for University of Melbourne Staff and Students)NewsFAQs

    BrowseCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects
    My AccountLoginRegister
    StatisticsMost Popular ItemsStatistics by CountryMost Popular Authors