| 书目名称 | Short Selling Activities and Convertible Bond Arbitrage | | 副标题 | Empirical Evidence f | | 编辑 | Sebastian P. Werner | | 视频video | | | 丛书名称 | ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL Schloß Reichartshausen | | 图书封面 |  | | 描述 | The main cause of financial crisis may be found in the over-optimistic investing of b- ers that leads market prices away from fundamental values. However, in the aftermath of “excess” when stock markets tumble, it is usually the pessimists or short sellers who get publicly blamed. Despite the longstanding controversy on short selling activities, this market instrument remains a widely misunderstood concept by the public while it is an essential tool used by hedge funds for speculation and arbitrage. That is why it is important to investigate short selling for its different motivations and the resulting effect on stock returns, a subject whose empirical study is in its infancy.In his doctoral thesis, Sebastian examines convertible bond arbitrage, which is a typical hedge fund strategy that involves a long position in a convertible bond and a significant short position in the underlying stock. The short selling is employed as a hedge against movements in the stock price. With every change in the stock price, the hedge needs to be continuously readjusted, a practice which should lead companies with convertible bonds outstanding to have on average higher short selling activity than com | | 出版日期 | Book 2010 | | 关键词 | Convertible Bond Arbitrage; Empirical Finance; Event study; Hedge Fund; Hedging; Trading; selling; stock re | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-8349-6003-0 | | isbn_softcover | 978-3-8349-1886-4 | | isbn_ebook | 978-3-8349-6003-0 | | copyright | Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2010 |
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发表于 2025-3-21 16:48:01
