Portfolio selection under institutional procedures for short selling: normative and market equilibrium considerations

Article Abstract:

Institutional procedures for short selling affects portfolio selection in terms of transaction costs. According to the normative view, short selling can potentially enhance the risk-return trade-off of a portfolio. The market equilibrium view, meanwhile, shows a pricing relationship under institutional procedures for short selling and that market-clearing prices are limited within two boundaries for each security.

Portfolio Management, Asset Sale Accounting, Analysis, Purchasing, Stocks, Assets (Accounting), Short selling

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The demise of community banks? Local economic shocks are not to blame

Article Abstract:

The rapid decline in the number of community banks in the United States of America is blamed on the local economic failures as these banks focus on relationship lending and local community clients. The study compares the performances of the community banks in the counties that have suffered economic shock, in the 1990s, with the counties that have not, to find the the contrary.

United States, Case studies, Causes of, Community banks, Business closings

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Liquidity risk in securities settlement

Article Abstract:

Impact of failure of security settlements in a market and its effect on liquidity is analyzed.

Europe, Science & research, Research, Liquidity (Finance)

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