Results 161 to 170 of about 33,889 (207)

Short Sale Return Predictability Revisited: Anomaly or Return Mis-Measurement?

SSRN Electronic Journal, 2011
The empirical evidence that stocks with high aggregate shorting demand subsequently underperform is a puzzle given that the information is public. In this paper, we first confirm the return predictability of monthly short interest is not driven by new private information. Second, we show that highly shorted stocks tend to be very liquid and part of the
Zsuzsa R. Huszar, Wenlan Qian
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Do Specialists' Short Sales Predict Returns?

The Journal of Portfolio Management, 1987
This paper provides evidence of a market inefficiency. Between 1942 and 1984, the specialists' short sales ratio has foretold periods of higher and lower returns on the New York Stock Exchange. Average stock returns have been significantly higher after low values of the ratio (marking low short sales by specialists) and significantly lower after high ...
Lyle Bowlin, Michael S. Rozeff
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Goods on Sale or Return

1986
A sale-or-return agreement involves stock sent out on approval from one party, A, to another, B. B attempts to sell such stock, but has the right to return unsold stock to A.
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Sale or return contracts: the right to reject

The Cambridge Law Journal, 1998
RATHER than buying goods outright, retailers often find it convenient to receive goods under a “sale or return” arrangement. These agreements are not contracts of sale, but rather bailment arrangements that give the bailee the right either to buy or to reject the goods.
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Short Sales Constraints and Momentum in Stock Returns

SSRN Electronic Journal, 2003
Abstract:  We show that stock characteristics identified by D’Avolio (2002) provide a reliable index of the mostly unobservable short sales constraints. Specifically, we find that this index is positively related to the level of short interest and to short selling costs implied by the disparity in prices in the options and stock markets, and is ...
Ashiq Ali, Mark A. Trombley
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The Inventory-Sales Ratio and Homebuilder Return Predictability

The Journal of Real Estate Finance and Economics, 2011
The firm’s inventory-sales ratio prices exposure to the housing cycle with a predictable sign. The buyer of a new home holds a pre-construction contract at a guaranteed price with the right to cancel at any date up to delivery. The demand for contracts rises with falling user costs while lot supply is inelastic, leading to land bidding in booms. During
Peter Chinloy, Zhonghua Wu
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Short sale constraints: the impact on the return distribution

Macroeconomics and Finance in Emerging Market Economies, 2012
This paper tests empirically Hong and Stein's theoretical finding, that in an environment of short sale constraints, investor disagreement over future equity prices leads to negatively skewed return distributions. This study uses data from the Indian equity market to examine the third and fourth moments of the return distribution.
Manoj Dalvi, Christos Giannikos, Eleni Gousgounis   +2 more
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COSTLY SHORT SALES AND THE CORRELATION OF RETURNS WITH VOLUME

Journal of Financial Research, 1988
AbstractPrevious researchers have documented an empirical correlation between returns and trading volume in some financial markets. In this paper, an explanation is proposed based on the notion that short positions are more costly than long positions in these markets. The hypothesis is consistent with previous findings and with futures markets data, in
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Sales: evaluating the return on investment.

Healthcare financial management : journal of the Healthcare Financial Management Association, 1994
In this article, a case study is presented to illustrate the ways in which sales programs have evolved in healthcare organizations over the last few years. The importance of developing a system of tracking sales so revenues can be tied to sales efforts is emphasized.
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Returning Lost Elements in the Sales Process: Manum Dare

2014
The art of selling has undergone tremendous change throughout the years. Information and technology have made sales more efficient but have also negatively affected the customer-salesman relationship. Much of this can be attributed to the barriers built through digitization and the laptop. The tablet brings a new form to present products and share data.
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