The information in asset fire sales

The information in asset fire sales

Asset prices remain depressed for years following mutual fund fire sales, but little is known about the causes of these price drops. We show that asymmetric information generates price pressure during fire sales. We separate trades into expected trades, which assume fund managers scale down their po...

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Bibliographic Details
Main Authors: HUANG, Sheng, RINGGENBERG, Matthew C., ZHANG, Zhe
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
Subjects:
asymmetric information
fire sales
price pressure
slow-moving capital
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7262
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8261/viewcontent/SSRN_id2735172.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/7262
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8261/viewcontent/SSRN_id2735172.pdf

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