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融券卖空交易的公司治理效应 ——基于委托代理成本的视角

李苗菁

上海财经大学

Abstract: IR selling system is an important transaction mechanism in capital market,which belongs to credit transaction and leverage transaction.It gives investors the opportunity to sell IR when they predict that the price of the underlying securities which they do not hold will fall.After paying a certain percentage of the margin to the securities company,the investor borrows the underlying stock to sell it,buys it back when the stock price drops in the future,and gains the price difference.The IR selli... More
Keywords：

margin trading system; corporate governance; equity agency cost; debt agency cost; control agency cost;

  • Series：

    (J) Economics ＆ Management

  • Subject：

    Enterprise Economy; Finance; Securities; Investment

  • DOI：

    10.27296/d.cnki.gshcu.2020.001960

  • Classification Code：

    F271;F832.51

Tutor：

徐晓萍;

Retraction:

金融硕士（专业学位）

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