Initial Margin Requirements and Market Efficiency
Description:
The authors of this article examine the association between margin requirements and the market’s efficiency in incorporating firm-specific and market-level public news. Furthermore, the authors draw similar conclusions when they analyze the Hou and Moskowitz (2005) price delay measure, as well as indirect measures of leverage constraints over recent years.
Date:
August 31, 2024
Creator:
Akbas, Ferhat; Ay, Lezgin & Koch, Paul D.
Item Type:
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Partner:
UNT College of Business