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Further Evidence on the Firm-Size Relation and Stock Market Responses to Changes in Federal Reserve Margin Levels

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Author Info
 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. Copyright 1997 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Small Business Economics.

Volume (Year): 9 (1997)
Issue (Month): 4 (August)
Pages: 301-07
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:sbusec:v:9:y:1997:i:4:p:301-07

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Web page: http://www.springerlink.com/link.asp?id=100338

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This page was last updated on 2009-12-23.

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