Frino, Alex; Lecce, Steven; Lepone, Andrew - In: International Review of Financial Analysis 20 (2011) 4, pp. 225-236
Using data from fourteen equity markets, this study empirically examines the impact of the 2008 short-selling bans on market quality. Evidence indicates that restrictions on short-selling lead to artificially inflated prices, indicated by positive abnormal returns. This is consistent with...