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Chen, 2021 - Google Patents

Do Speculators Exacerbate Managerial Myopia? Evidence from Margin Traders in China

Chen, 2021

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Document ID
4892158735353362950
Author
Chen J
Publication year
Publication venue
Proceedings of Paris December 2021 Finance Meeting EUROFIDAI-ESSEC

External Links

Snippet

This paper exploits a regulatory experiment that lifts the margin trading ban in China to examine the real effects of speculative retail investors. Using a regression discontinuity design, I find that margin trading eligibility causes an increase in share turnover and stock …
Continue reading at papers.ssrn.com (PDF) (other versions)

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