A MODEL OF HETEROGENEOUS EXPECTATIONS AS A DETERMINANT OF SHORT SALES Journal Article uri icon

Overview

abstract

  • AbstractThis study examines the role of heterogeneous expectations as a determinant of short selling of common stock. A theoretical model demonstrates that the degree of heterogeneity of opinion and the number of investors in a market both positively influence short selling. This theory is substantiated empirically using ex‐ante data. Short selling is related directly to merger activity and the presence of options.

publication date

  • March 1, 1984

has restriction

  • closed

Date in CU Experts

  • February 16, 2015 12:49 PM

Full Author List

  • Peterson DR; Waldman DM

author count

  • 2

Other Profiles

International Standard Serial Number (ISSN)

  • 0270-2592

Electronic International Standard Serial Number (EISSN)

  • 1475-6803

Additional Document Info

start page

  • 1

end page

  • 16

volume

  • 7

issue

  • 1