Investor heterogeneity and asymmetric volatility under short-sale constraints: Evidence from Korean fund market

We analyze the asymmetric behavior of fund managers with short-selling constraints under different market conditions to confirm the hypothesis of difference of opinion of fund managers and also investigate determinants in difference of opinions in fund market. This paper examines two issues: whether...

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Bibliographic Details
Main Authors: Sohn,Pando, Yong Seo,Ji
Language:English
Published: Universidad de Chile. Departamento de Economía 2015
Subjects:
Online Access:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862015000100002
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