The Cost of Short-Selling Liquid Securities

Material TypeArticleLanguageEnglish
TitleThe Cost of Short-Selling Liquid Securities Author(S)SNEHAL BANERJEE (Author)
Abstract  Standard models of liquidity argue that the higher price for a liquid security reflects the future benefits that long investors expect to receive. We show that short-sellers can also pay a net liquidity premium if their cost to borrow the security is higher than ...Paginationp637-664
SubjectEconomicsDescriptorsFinance Economics
Journal TitleThe Journal of Finance  
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