2017-Peking University HSBC Business School(PHBS)

Informed Retail Investors: Evidence from Retail Short Sales

Our study suggests that despite the enforcement of insider trading laws, there are still some investors trading on their private information Using account-level information, we show that some retail investors seem to be informed about particular stocks

Keith Jacks Gamble, Wei Xu*

ARTICLE | Journal of Empirical Finance |Vol. 40, 2017

Keywords: Short sale, Retail trades, Informed trades, Retail order flow

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Economic Growth and Labor Market Friction: A Quantitative Study on Japanese Structural Transformation

This paper develops a tractable multi-sector endogenous growth model with labor market friction and human capital accumulation to analyze the underlying link between economic growth and labor market institutions

Seung-Gyu (Andrew) Sim, Seungjoon Oh

ARTICLE | The B.E. Journal of Macroeconomics |No. 1, Vol. 17, 2017

Keywords: Structural transformation, Economic growth, Labor market friction

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