We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Further Evidence on the Firm-Size Relation and Stock Market Responses to Changes in Federal Reserve Margin Levels.
- Authors
Pruitt, Stephen W.
- Abstract
The virtually monotonic firm-size/price-reactions observed following changes in U.S. Federal Reserve market margin requirements over the post-1962 period provide dramatic new evidence in support of the hypothesis that changes in margin levels are associated with changes in security return behavior. Variance tests of the 1970 and 1971 margin decreases also produce evidence consistent with this hypothesis.
- Subjects
UNITED States; FEDERAL Reserve banks; MARGIN requirements; MARGIN accounts; BANKING industry; MARGINS (Security trading)
- Publication
Small Business Economics, 1997, Vol 9, Issue 4, p301
- ISSN
0921-898X
- Publication type
Article
- DOI
10.1023/A:1007926027703