Margin Rules and Margin Trading: Past, Present, and Implications
Z Chen, Z He, W Wei - Annual Review of Financial Economics, 2024 - annualreviews.org
Margin—collateral or funds that investors deposit with their counterparties—is a crucial
component of the practice of borrowing money to fund investment. While margin offers the …
component of the practice of borrowing money to fund investment. While margin offers the …
Government stock purchase undermines price informativeness: Evidence from china's “national team”
We use the 2015 Chinese stock market crash to study the effects of government stock
purchases. The Chinese government purchased stocks to stabilize the markets through state …
purchases. The Chinese government purchased stocks to stabilize the markets through state …
Leverage Is a Double‐Edged Sword
We use proprietary data on intraday transactions at a futures brokerage to analyze how
implied leverage influences trading performance. Across all investors, leverage is negatively …
implied leverage influences trading performance. Across all investors, leverage is negatively …
Can stock trading suspension calm down investors during market crises?
W Chen, J Huang, D Shi, Z Song - Journal of Financial Markets, 2024 - Elsevier
We examine the trading behavior of investors facing a large number of firm-initiated stock
trading suspension events during the Chinese stock market crisis in July 2015. Using …
trading suspension events during the Chinese stock market crisis in July 2015. Using …
Margin trading, short selling, and information asymmetry
M Xu, X Zhang, Y Zhang - Journal of Financial Markets, 2024 - Elsevier
We investigate the impact of margin trading and short selling (MTSS) on information
asymmetry using data from a unique Chinese pilot program that permits MTSS for a specific …
asymmetry using data from a unique Chinese pilot program that permits MTSS for a specific …