Mattioli, Lisa; Ferretti, Riccardo - Dipartimento di Economia "Marco Biagi", Università … - 2013
On September 2008, Consob banned the short-selling of financial stocks in the Italian equity market. We analyse the effect of these bans on liquidity, returns, volatility and market efficiency comparing a sample of 23 financial stocks with a control group. The analysis shows a reduction in...