This paper studies short-selling prior to the release of analyst downgrades in a sample of 670 downgrades of Nasdaq stocks between 2000 and 2001. We find abnormal levels of short-selling in the three days before downgrades are publicly announced. Further, we show that this pre-announcement...

Although the Eurobond market has been reasonably welldeveloped for almost two decades, only recently has there been a proliferation of equity‐linked Eurobonds, as issuers have attempted to respond to historically high Eurobond interest rates and the opportunities to reduce the nominal yield of...