کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7374372 1479851 2016 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Detecting the great short squeeze on Volkswagen
ترجمه فارسی عنوان
کشف فشار کوتاه بزرگ در فولکس واگن
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
On 28 October 2008 a short squeeze on Volkswagen stock propelled this car maker to become the world's most valuable company for a day. I study the market behavior empirically and investigate whether the timing of the price spike could have been anticipated from earlier trading. I utilize price information from regional stock exchanges in parallel with the primary electronic trading platform Xetra. Although the trading volume on the seven regional exchanges is small, the geographical variation in traded prices shows anomalies when the law of supply and demand begins to overrule the law of one price, and this is observed more than 24 h ahead of the price peak. I find that the coefficient of variation in the prices at the regional exchanges is a leading indicator of the Volkswagen price spike.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Pacific-Basin Finance Journal - Volume 40, Part B, December 2016, Pages 323-334
نویسندگان
,