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Impact of short sale constraints on pricing of restricted stocks
pp. 175-178
Abstract
This paper introduces the short sale constraints into the consumption-portfolio choice of the investor and studies the pricing of restricted stocks under the short sale constraints. The results show that the short sale constraints have a significant impact on the value of restricted stocks.
Publication details
Published in:
Iskander Magued (2008) Innovative techniques in instruction technology, e-learning, e-assessment, and education. Dordrecht, Springer.
Pages: 175-178
DOI: 10.1007/978-1-4020-8739-4_31
Full citation:
Lin Hai (2008) „Impact of short sale constraints on pricing of restricted stocks“, In: M. Iskander (ed.), Innovative techniques in instruction technology, e-learning, e-assessment, and education, Dordrecht, Springer, 175–178.