【Topic】"No Short in Sight"
【Speaker】Prof. Paul Ehling, Department of Finance, BI Norwegian Business School
【Time】12:10-13:00, Tuesday, March 5, 2024
【Location】R202, 2F, College of Commerce
【Abstract】
In our economy with short-sales constraints and learning from experience, constrained investors become nonparticipants and have reduced attention to the stock market. Fluctuations in the market view are elevated, learning is slower in the aggregate, the market price of risk and the real short rate of interest are more volatile than in an unconstrained economy. Exuberance-driven investors enter the stock market with high leverage in times of low market price of risk and exit in disappointment. If nonparticipants never reenter, the market price of risk can be higher, implying a large wedge between average returns for participants and nonparticipants.
【Registration】https://forms.gle/YtX8VAAqsQ3a43rG8
【Remark】
※Faculty and students interested in the topic are welcome to participate in this seminar.
※Lunchbox will be provided after the seminar for the first 30 people who have registered in advance and received notification.
※Contact: h2tsao@nccu.edu.tw

Organized by Department of International Business and College of Commerce