Lee, Kuan-Hui; Wang, Shu Feng - In: Journal of derivatives and quantitative studies : … 30 (2022) 3, pp. 146-171
The National Pension Service (NPS) of Korea suddenly announced that they would suspend their stock lending business from October 22, 2018. Using this ideal setting, the authors investigate the effects of this suspension on market quality and short-selling activities. The authors find that stock...
