https://cdn.openpublishing.com/images/brand/3/diplomarbeiten24-logo.png
präsentiert von präsentiert von GRIN
Arbeiten hochladen
Homepage >  Katalog >  VWL - Finanzwissenschaft
Blick ins Buch
Titel: Short Sale Bans and their Impact on the Microstructure of Equity Markets

Short Sale Bans and their Impact on the Microstructure of Equity Markets

European Evidence

Masterarbeit, 2020
59 Seiten, Note: 1,0

VWL - Finanzwissenschaft

Leseprobe


Inhaltsverzeichnis (Table of Contents)

  • Introduction
  • Short Selling (Bans)
    • The Idea of Short Selling
    • Evolution of Short Selling (Bans)
    • European Short Sale Bans in 2020
  • Literature Overview
  • Stock Liquidity
    • Variables and Data
    • Methodology
    • Empirical Results
    • Robustness Check
    • Effects of the Ban Lift
    • Country-by-Country Analysis
  • Price Efficiency
  • Stock Prices

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This master's thesis aims to investigate the impact of short sale bans on the market microstructure of European equity markets. The study focuses on the effects of these bans on stock liquidity, price efficiency, and stock prices. The research utilizes data from the Covid-19 crisis in 2020, when several European countries implemented short sale bans as a response to highly volatile financial markets.

  • Impact of short sale bans on market liquidity
  • Effects of short sale bans on price efficiency
  • Influence of short sale bans on stock prices
  • Comparison of the findings with previous studies on short sale bans
  • Analysis of the impact of short sale bans during market downturns

Zusammenfassung der Kapitel (Chapter Summaries)

The introduction provides an overview of the research topic and outlines the objectives and scope of the study. Chapter 2 examines the concept of short selling, its evolution, and the implementation of short sale bans in Europe in 2020. Chapter 3 reviews relevant literature on the impact of short sale bans on market microstructure. Chapter 4 delves into the analysis of stock liquidity, exploring variables, data, methodology, empirical results, robustness checks, and country-by-country analysis. Chapter 5 focuses on price efficiency and its relationship with short sale bans. Chapter 6 investigates the impact of short sale bans on stock prices.

Schlüsselwörter (Keywords)

The key terms and concepts explored in this research include short sale bans, market microstructure, stock liquidity, price efficiency, stock prices, European equity markets, Covid-19 crisis, empirical analysis, and matching algorithms.

Frequently Asked Questions

What is the main objective of this master's thesis?

The thesis investigates how temporary short sale bans affected the market microstructure—specifically liquidity, price efficiency, and stock prices—of European equity markets during the 2020 Covid-19 crisis.

Why do regulators impose short sale bans during financial crises?

Regulators use short sale bans to stabilize capital markets, prevent excessive price declines, and restore investor confidence during periods of high volatility.

How did the Covid-19 crisis impact European stock indices in March 2020?

Major indices like the EURO STOXX 50 experienced record-breaking single-day losses exceeding 12%, accompanied by extreme volatility reflected in the VSTOXX index peaking at 86%.

What are the key microstructural variables analyzed in the study?

The study focuses on stock liquidity (bid-ask spreads, depth), price efficiency (how fast information is reflected in prices), and overall stock price stability.

Does the research include a country-specific analysis?

Yes, the thesis includes a country-by-country analysis to see if the impact of the short sale bans varied across different European jurisdictions.

What happens to the market once a short sale ban is lifted?

The thesis examines the "Effects of the Ban Lift" to determine if liquidity and efficiency return to normal levels or if there are lasting consequences on market structure.

Ende der Leseprobe aus 59 Seiten  - nach oben

Details

Titel
Short Sale Bans and their Impact on the Microstructure of Equity Markets
Untertitel
European Evidence
Hochschule
Universität Wien  (Fakultät für Wirtschaftswissenschaften)
Note
1,0
Autor
Erscheinungsjahr
2020
Seiten
59
Katalognummer
V1000263
ISBN (eBook)
9783346395627
ISBN (Buch)
9783346395634
Sprache
Englisch
Schlagworte
short sale ban market efficiency market microstructure short selling liquidity regulation covid-19 crisis coronavirus corona short ban 2020 Amihud dollar volume trading illiquidity
Produktsicherheit
GRIN Publishing GmbH
Arbeit zitieren
Moritz Wiebke (Autor:in), 2020, Short Sale Bans and their Impact on the Microstructure of Equity Markets, München, Page::Imprint:: GRINVerlagOHG, https://www.diplomarbeiten24.de/document/1000263
Kennen Sie schon das
Online-Magazin von GRIN?
neugierig - aktuell - relevant
Entdecken Sie hilfreiche Tipps und Tricks rund ums Studium!

Online-Magazin
Ihre Arbeit hochladen
Ihre Hausarbeit / Abschlussarbeit:

  • - Publikation als E-Book und Buch
  • - Hohes Honorar auf die Verkäufe
  • - Für Sie komplett kostenlos - mit ISBN
  • - Es dauert nur 5 Minuten
  • - Jede Arbeit findet Leser

Allgemein
Autoren
Premium Services
FAQ
Marketing
Dissertationen
Leser & Käufer
Zahlungsmethoden
https://cdn.openpublishing.com/images/brand/3/payment-white.png
Copyright
Über GRIN

Der GRIN Verlag hat sich seit 1998 auf die Veröffentlichung akademischer eBooks und Bücher spezialisiert. Der GRIN Verlag steht damit als erstes Unternehmen für User Generated Quality Content. Die Verlagsseiten GRIN.com, Hausarbeiten.de und Diplomarbeiten24 bieten für Hochschullehrer, Absolventen und Studenten die ideale Plattform, wissenschaftliche Texte wie Hausarbeiten, Referate, Bachelorarbeiten, Masterarbeiten, Diplomarbeiten, Dissertationen und wissenschaftliche Aufsätze einem breiten Publikum zu präsentieren.

Kostenfreie Veröffentlichung: Hausarbeit, Bachelorarbeit, Diplomarbeit, Dissertation, Masterarbeit, Interpretation oder Referat jetzt veröffentlichen!