asymmetry and binding short-sale constraints. These results suggest that a subgroup of informed managers drives up the … dispersion in active holdings when they place large bets after receiving positive private information. Binding short-sale … constraints, however, prevent them from fully using their negative private information, leading to low dispersion in active …

is more pronounced among firms with greater constraints in short selling, and when short-sale constraints are mitigated …. These findings support behavioral models suggesting that noise trading and investor overconfidence, combined with short-sale … constraints, generate excess volatility, greater mispricing, and on average lower expected returns. …

various kinds of short-sale constraints. …

relax short‐sale constraints in the market; that the extent to which a stock's outstanding shares are held by one or more …Purpose – The purpose of this paper is to investigate the extent to which introduction of ETFs reduces short‐sale … constraints in their constituent stocks. Design/methodology/approach – First, the introduction of ETFs increases short interest …

relax short-sale constraints in the market; that the extent to which a stock's outstanding shares are held by one or more …Purpose – The purpose of this paper is to investigate the extent to which introduction of ETFs reduces short-sale … constraints in their constituent stocks. Design/methodology/approach – First, the introduction of ETFs increases short interest …