Abstract
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.
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Lin, H., Zheng, Z. (2008). Impact of Short Sale Constraints on Pricing of Restricted Stocks. In: Iskander, M. (eds) Innovative Techniques in Instruction Technology, E-learning, E-assessment, and Education. Springer, Dordrecht. https://doi.org/10.1007/978-1-4020-8739-4_31
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DOI: https://doi.org/10.1007/978-1-4020-8739-4_31
Publisher Name: Springer, Dordrecht
Print ISBN: 978-1-4020-8738-7
Online ISBN: 978-1-4020-8739-4
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