Chen, Dar-Hsin; Chen, Chun-Da; Lai, Chih-Min - In: Journal of Economics and Management 3 (2007) 1, pp. 97-124
This paper studies the impact of first opening margin trading on stock return, return volatility, and turnover rates via an event study. The results indicate that there is no relationship between changes in stock return volatility and industry sectors after opening margin trading. The different...