Boulton, Thomas J.; Braga-Alves, Marcus V. - In: Journal of Financial Markets 13 (2010) 4, pp. 397-421
On July 15, 2008, the US Securities and Exchange Commission announced temporary restrictions on naked short sales of the stocks of 19 financial firms. The restrictions offer a unique empirical setting to test Miller's (1977) conjecture that short-sale constraints result in overpriced securities...