An analysis of over-the-counter and centralized stock lending markets
We provide new insights about centralized and OTC stock lending in the context of Tokyo Stock Exchange listed stocks from July 2006 to December 2009. We find that not only the demand drivers in the two markets are significantly different but also the pricing efficiency implications of the alternativ...
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| Format: | article |
| Language: | eng |
| Published: |
2022
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| Online Access: | https://doi.org/10.1016/j.finmar.2018.10.004 |
| Country: | Portugal |
| Oai: | oai:run.unl.pt:10362/84415 |