2026-09-24T15:44:21Z https://www.ideals.illinois.edu/oai-pmh

oai:www.ideals.illinois.edu:2142/85524 2023-07-11 col_2142_5131 col_2142_14830 com_2142_5130 com_2142_14829 com_2142_8903

Bernhardt, Dan Westbrook, Harvey Birtill, Jr 2015-09-25T22:47:14Z 2015-09-25T22:47:14Z 10000-01-01 2002 2002 In the second chapter, we construct a model to test the impact of short sell restrictions on the price discovery process of Diamond exchange traded funds. Short sell restrictions prevent trading in individual stocks during down markets. Diamonds are traded continuously and hold a publicly known portfolio of DJIA stocks. We test the distributional implications of short sell restrictions by using trade level data to construct minute-by-minute trade level approximations of the Diamond portfolio and compare them to Diamonds during periods when the short sell restrictions bind. We find no evidence that short sell restrictions introduce persistent premiums or discounts. Made available in DSpace on 2015-09-25T22:47:14Z (GMT). No. of bitstreams: 2 license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5) 3044259.pdf: 5198252 bytes, checksum: 3eb8732627446b49a4fcbdd14dbda18c (MD5) Previous issue date: 2002 Embargo set by: Seth Robbins for item 86805 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 126 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2002. http://hdl.handle.net/2142/85524 (MiAaPQ)AAI3044259 eng Economics, Finance Two Essays in Financial Economics text Economics Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.