Short Selling Activities and Convertible Bond Arbitrage Empirical Evidence from the New York Stock Exchange /

While some short sales are based on information or opinions about a firm’s share price, this is not the case with many others. This statement coincides with the increasing use of arbitrage-related hedge fund strategies whereas it collides with public consensus that blames short sellers for decreasin...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Werner, Sebastian P. (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Wiesbaden : Gabler, 2010.
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
LEADER 02617nam a22004215i 4500
001 978-3-8349-6003-0
003 DE-He213
005 20151204161429.0
007 cr nn 008mamaa
008 101130s2010 gw | s |||| 0|eng d
020 |a 9783834960030  |9 978-3-8349-6003-0 
024 7 |a 10.1007/978-3-8349-6003-0  |2 doi 
040 |d GrThAP 
050 4 |a HJ9-9940 
072 7 |a KFFD  |2 bicssc 
072 7 |a BUS051000  |2 bisacsh 
082 0 4 |a 336  |2 23 
100 1 |a Werner, Sebastian P.  |e author. 
245 1 0 |a Short Selling Activities and Convertible Bond Arbitrage  |h [electronic resource] :  |b Empirical Evidence from the New York Stock Exchange /  |c by Sebastian P. Werner. 
264 1 |a Wiesbaden :  |b Gabler,  |c 2010. 
300 |a XX, 256 p.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file  |b PDF  |2 rda 
505 0 |a Background and Empirical Predictions -- The Event Study Methodology -- Data, Full Sample and Variable Construction -- Difference in Abnormal Short Selling Activity Following Events of Large Positive Stock Price Changes -- Difference in Information Content of Extreme Short Selling Activity Events and the Impact on Stock Returns -- Overall Conclusion. 
520 |a While some short sales are based on information or opinions about a firm’s share price, this is not the case with many others. This statement coincides with the increasing use of arbitrage-related hedge fund strategies whereas it collides with public consensus that blames short sellers for decreasing stock prices and exacerbating the economic downturn. Sebastian Werner examines aggregate short sales and convertible bond arbitrage, which is a typical hedge fund strategy that involves a significant short position in the underlying stock of a long convertible bond position for hedging purposes. Focusing on events of extreme stock price changes and short selling activity, he provides insightful and new observations of the significant difference in the trading pattern, information content and resulting impact on stock returns of arbitrage- versus valuation-based short selling activities. 
650 0 |a Finance. 
650 0 |a Public finance. 
650 1 4 |a Economics. 
650 2 4 |a Public Economics. 
650 2 4 |a Finance, general. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9783834918864 
856 4 0 |u http://dx.doi.org/10.1007/978-3-8349-6003-0  |z Full Text via HEAL-Link 
912 |a ZDB-2-SBE 
950 |a Business and Economics (Springer-11643)