完整後設資料紀錄
DC 欄位語言
dc.contributor.authorBui, Dien Giauen_US
dc.contributor.authorLin, Chih-Yungen_US
dc.contributor.authorChris, Vaikeen_US
dc.date.accessioned2019-12-13T01:09:59Z-
dc.date.available2019-12-13T01:09:59Z-
dc.date.issued2019-10-01en_US
dc.identifier.issn0165-1765en_US
dc.identifier.urihttp://dx.doi.org/10.1016/j.econlet.2019.108575en_US
dc.identifier.urihttp://hdl.handle.net/11536/153060-
dc.description.abstractThis study examines whether short sellers can predict the failures of financial intermediaries. The sample consists of 2,457 financial intermediaries from 1990 to 2016. First, we show that short interest is positively correlated to the failures of financial intermediaries. Second, we construct two measures of abnormal short interest before a failure and find robust evidence that this interest is positively correlated to the failures. Our empirical results confirm that short sellers do predict the failures in financial intermediaries. Therefore, the trading information from short sellers could be a vital resource for the government to prevent the occurrence of financial instability. (C) 2019 Elsevier B.V. All rights reserved.en_US
dc.language.isoen_USen_US
dc.subjectShort sellersen_US
dc.subjectShort interesten_US
dc.subjectFinancial intermediariesen_US
dc.subjectBank failuresen_US
dc.subjectFinancial instabilityen_US
dc.titleShort sellers and the failures of financial intermediariesen_US
dc.typeArticleen_US
dc.identifier.doi10.1016/j.econlet.2019.108575en_US
dc.identifier.journalECONOMICS LETTERSen_US
dc.citation.volume183en_US
dc.citation.spage0en_US
dc.citation.epage0en_US
dc.contributor.department資訊管理與財務金融系 註:原資管所+財金所zh_TW
dc.contributor.departmentDepartment of Information Management and Financeen_US
dc.identifier.wosnumberWOS:000487573400017en_US
dc.citation.woscount0en_US
顯示於類別:期刊論文