This paper introduces the short sale constraints into the consumption-portfolio choice of the investor and studies the pricing of restricted stocks under the short sale constraints. The results show that the short sale constraints have a significant impact on the value of restricted stocks © Springer Science+Business Media B.V. 2008.
CITATION STYLE
Lin, H., & Zheng, Z. (2008). Impact of short sale constraints on pricing of restricted stocks. In Innovative Techniques in Instruction Technology, E-Learning, E-Assessment, and Education (pp. 175–178). Kluwer Academic Publishers. https://doi.org/10.1007/978-1-4020-8739-4_31
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