An Empirical Examination of the Relationship between Naked Shorting and Share Prices Around the Announcement of a Firm’s Need for External Capital

This research finds empirical evidence that naked short sales contribute to the ability of investors to manipulatively short down the value of firms in need of external capital. The findings are also consistent with a hypothesis that the announcement effect of a new stock issue is merely a proxy for the value dilution of shorting shares of companies needing to raise new equity

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Year of publication:	2010
Authors:	Murphy, Austin
Other Persons:	Qian, Hong (contributor) ; Zhu, Yun Ellen (contributor)
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Börsenkurs \| Share price \| Ankündigungseffekt \| Announcement effect

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Extent:	1 Online-Ressource (44 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 1, 2010 erstellt
Other identifiers:	10.2139/ssrn.1583108 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013145327