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Short selling around news in international stock markets

Gorbenko, Arseny - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616369

Investors' quantitative disclosure: target prices by short sellers

Madelaine, Alexandre; Paugam, Luc; Stolowy, Hervé; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618158

An announcement effect in reverse? : evidence from cash-settled convertible bonds

Gatti, Stefano; Sperl, Ulrich - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338126

Hard to borrow vs. easy to borrow : insights from Japan's centralized lendable stock market

Khan, Mostafa Saidur Rahim - 2025

This study examines stock borrowing costs in Japan's centralized lendable stock market, focusing on differences between 'hard-to-borrow' and 'easy-to-borrow' stocks over six months of daily data. This study employs a comprehensive methodology to examine metrics such as the short interest ratio,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338355

Do short sales reduce post-shock anomalies in stock prices? : evidence from the Chinese stock market

Chen, Haojun - 2025

This study investigates the role of short sales in mitigating post-shock anomalies in stock returns within the context of China's evolving short-sales regulations. Utilizing a unique dataset of daily short-sale volumes, this research examines how short sellers influence stock price behavior...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338401

Broker and institutional investor short selling

Marshall, Ben R.; Nguyen, Nhut; Visaltanachoti, Nuttawat; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015387030

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Broker and Institutional Investor Short Selling

Marshall, Ben R.; Nguyen, Nhut; Visaltanachoti, Nuttawat; … - 2023

Book / Working Paper

Short selling and enterprise digital transformation-a quasi-natural experiment based on financing and funding in China

Zhang, Haomin; Song, Jing; Song, Yu; Mai, Haixia - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464568

Hush the rush : short-selling bans in times of stress

Aminian, Armin - 2025

Short-selling restrictions are often enacted during financial turmoil to promote market stability, though most research highlights their negative impact on market quality. This study examines the stability and effectiveness of these restrictions in preventing market crashes in an agent-based...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015474250

Disciplinary effect of short selling : evidence from mergers and acquisitions

Lin, Hai; Yu, Chang - 2025

Using Regulation SHO's pilot program as a natural experiment, we study how removing short-selling constraints affects a firm's mergers and acquisitions (M&A).Difference-in-difference (DID) regressions.We find that during the pilot program, firms in the pilot group significantly reduce their...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612272

Hedge funds, short sales, and the 52-week high

Rui, Yixuan; Durand, Robert B. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015482753

Stealthy shorts : informed liquidity supply

Goyal, Amit; Reed, Adam V.; Smajlbegovic, Esad; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015573405

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Stealthy shorts : informed liquidity supply

Goyal, Amit; Reed, Adam V.; Smajlbegovic, Esad; … - 2024

Book / Working Paper

Short selling and product market competition

Matta, Rafael; Rocha, Sergio H.; Vaz, Paulo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558479

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Short Selling and Product Market Competition

Matta, Rafael; H. Rocha, Sergio; Vaz, Paulo - 2021

Book / Working Paper

Stock split signalling : evidence from short interest

Perez, M. Fabricio; Shkilko, Andriy; Tang, Ning; Nes, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558569

Changes in short positions and earnings surprises

Livnat, Joshua; Segal, Dan; Suslava, Kate - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650821

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Changes in short positions and earnings surprises

Livnat, Joshua; Segal, Dan; Suslava, Kate - 2025

Article

How mutual funds respond to asymmetric feedback trading in China's stock market

Wan, Die; Li, Yang; Yang, Xiaoguang - 2024

Previous studies show that individual investors play a dominant role in China's stock market. Their behavior of chasing-rise being stronger than killing-fall leads to asymmetry of feedback trading. Our article investigates how mutual funds react to this market force. Using China's stock and fund...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014631861

The real impacts of public short campaigns : evidence from stakeholders

Liu, Claire; Low, Angie; Talis Putniņš - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015071102

Short-selling constraints and firm-level climate change exposure : evidence from utility firms

Zhang, Wei - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015073874

Did subsidiary's participation in paycheck protection program affect public parent company? : evidence from short selling

Liu, Long - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015077958

Short selling and firm investment efficiency

Yu, Chang - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015079772

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Short Selling and Firm Investment Efficiency

Yu, Chang - 2021

Book / Working Paper

Dynamic equilibrium with costly short-selling and lending market

Atmaz, Adem; Başak, Suleyman; Ruan, Fangcheng - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014528717

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Dynamic equilibrium with costly short-selling and lending market

Atmaz, Adem; Başak, Suleyman; Ruan, Fangcheng - 2023

Book / Working Paper

Place your bets? : the value of investment research on Reddit's Wallstreetbets

Bradley, Daniel; Hanousek, Jan <Jr.>; Jame, Russell; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014528783

Short selling and trade credit : new evidence

Xiang, Xin; He, Xu - 2024

This study investigates the effect of short sales on firms' use of trade credit. Using a sample of 3262 Chinese listed firms from 2007 to 2019, the analysis results show that both the deregulation and the magnitude of short sales negatively affect trade credit. The transmission mechanism...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014494679

Short selling and bank deposit flows

Carey, Mark S.; Healy, Christopher - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014516007

Securities lending and information acquisition

Greppmair, Stefan; Jank, Stephan; Saffi, Pedro A. C.; … - 2024

Using microdata on stock-level lending positions from German mutual funds, we show that active funds use the equity lending market to obtain information about short sale demand. Funds reduce long positions in response to these demand signals, which allows fund managers to front-run public...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014501098

Do short sellers amplify extreme market declines?

Fernando, Sandun; Oniščenko, Olena; Kuruppuarachchi, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015098432

The disposition effect on partially informed short sellers

Tsai, Wei-Che; Li, Li-Jung; Chiu, Hsin-Yu - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015098607

Short selling threats and management disclosure behavior : evidence from the effect of disclosure of short interest on peer firms' management forecasts

Moriwaki, Toshio; Shuto, Akinobu - 2024 - This version: August 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015164458

Market impacts of the 2020 short selling bans

Spolaore, Alessandro; Le Moign, Caroline - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014477756

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Market impacts of the 2020 short selling bans

Spolaore, Alessandro; Le Moign, Caroline - 2024

Book / Working Paper

The 2008 short-selling ban's impact on tail risk

Bartl, Jonas; Bostandzic, Denefa; Irresberger, Felix; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015132819

Mispricing and anomalies : an exogenous shock to short selling from JGTRRA

Han, Yufeng; Lu, Yueliang Jacques; Xu, Weike; Zhou, Guofu - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015132823

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Mispricing and Anomalies : An Exogenous Shock to Short Selling from JGTRRA

Han, Yufeng; Lu, Yueliang (Jacques); Xu, Weike; Zhou, Guofu - 2021

Book / Working Paper

The effect of the 2008-09 short selling sales ban on UK security equities in relation to market metrics of volatility, liquidity, and price discovery

Patel, Harihar; Guidi, Francesco - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015053314

On the anomaly tilts of factor funds

Broman, Markus S.; Moneta, Fabio - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015130691

Heterogeneous beliefs and short selling taxes : a note

Hatcher, Michael - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015556336

Short-sale constraints and stock returns : a systematic review

Khan, Mostafa Saidur Rahim - 2024

Purpose This study delves into the nuanced implications of short-sale constraints on stock prices within the context of stock market efficiency. While existing research has explored this relationship, inconsistencies persist in their findings. The purpose of this study is to conduct a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015047535

Negative externalities of regulation : identity-relevant information in mandatory short-selling disclosures

Madelaine, Alexandre - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015397412

Audit partner rotation-back and short sellers' front running : evidence from the Chinese stock market

Liu, Yuyu; Qin, Yaohua; Xiao, He - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643369

Market power in the securities lending market*

chen, shuaiyu; Kaniel, Ron; Opp, Christian - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668343

Power Grab : Hedge Fund Activists and Short Sellers

Li, Tao; Saffi, Pedro A. C.; Yang, Daheng - 2023

We study events in which activist hedge funds and short sellers target the same stock using unique European data on activism and mandatory disclosures of large short positions. The presence of large short sellers is associated with a 22.6% increase in the probability of becoming an activist...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014256418

Do Short-Sale Constraints Restrict Negative Information Revelation? The Role of Institutional Sales

Dong, Xi; Liu, Hong; Shen, Siyi; Wang, Yajun - 2023

The extant literature concludes that binding short-sale constraints restrict negative information revelation because short sellers cannot trade to the full extent to reveal their information. However, it largely ignores information conveyed by informative sales. In contrast, our model predicts...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014257958

Do Short Sellers Pay Attention to Annual Reports?

Kot, Hung Wan; Li, Frank Weikai; Liu, Ming; Wei, K.C. John - 2023

We examine whether short sellers pay attention to textual information in annual reports in their shorting activities. We find that the presence of more weak modal words in annual reports is associated with greater shorting volume. Shorting volume directly driven by specificity terms and weak...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014257986

Equity Borrowing Constraints and the Informed Trading Strategies of Short Sellers

Blau, Benjamin M.; Della Vedova, Joshua; Fox, Corbin; … - 2023

Informed investors have been shown to break up their larger trades into smaller trades in order to disguise their information. This study considers informed trading strategies when investors face borrowing constraints. Borrowing constraints may induce more intense trading and increase the use of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014258713

Foreigners' short selling in the Korean stock market around the financial crisis

Hahn, Sang Buhm; Kwon, Sehoon; Yi, Yŏng-sŏp - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015182918

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Foreigners’ Short Selling in the Korean Stock Market around the Financial Crisis

Hahn, Sang B.; Kwon, Sehoon; Yi, Yŏng-sŏp - 2023

Book / Working Paper

Passive Ownership and Short Selling

Schmidt, Daniel; Von Beschwitz, Bastian - 2023

We exploit quasi-exogenous variation in passive ownership around the Russell 1000/2000 cutoff to explore the causal effects of passive ownership on the securities lending market. We find that passive ownership causes an increase in lendable supply and short interest, while lending fees remain...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014350801

Short-Sale Constraints and Pricing Discrepancies between Stocks and Bonds

Peng, Zhenfeng - 2023

This paper examines the effect of short-sale constraints on the pricing discrepancies between stocks and bonds of the same firms. Using data from 2006 to 2018, we find that short-sale constraints have a positive impact on pricing discrepancies. This relationship holds for both stock and bond...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014350843

Stock Mispricing, Differences of Opinion, and Short-Sale Constraints

Huang, Kai-Min; Kuo, I-Doun; Wang, Rong-Tsorng - 2023

Emerging stock markets are dominated with overconfident individual investors and in those markets short-sale constraints are frequently used to promote market stability. The unique market participants and regulations may influence the formation of stock prices and potentially lead to stock...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014353152

Do Short-Sale Constraints Inhibit Information Acquisition? Evidence from the Us and Chinese Markets

Su, Nancy; Sonia, Wong; Xue, Yuan; Zhao, Xiaofeng - 2023

This study examines how short-sale constraints affect investors’ information acquisition and thereby shape stock price efficiency. By exploiting two settings that relax short-sale constraints in the US and China, respectively, we find that the removal of short-sale constraints increases...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014353740

See it, Say it, Shorted : Strategic Announcements in Short-Selling Campaigns

Chen, Jane - 2023

I study how hedge funds strategically disclose their private information during short-selling campaigns. Using data on hedge funds' voluntary announcements and daily short positions in the EU market, I document the existence of two groups of funds: Announcers and Followers. Announcers, typically...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014353772

The Gambler's Fallacy in Financial Markets : The Case of Short Sellers

Whitby, Ryan; Blau, Benjamin M.; Griffith, Todd - 2023

The gambler’s fallacy is the incorrect notion that after observing a particular (random) event more frequently than normal, that event is less likely to occur in the future. The main objective of our analysis is to provide tests of the gambler’s fallacy in financial markets by examining...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014353853

Short Selling and Product Market Competition

H. Rocha, Sergio; Matta, Rafael; Vaz, Paulo - 2023

We empirically investigate how short selling affects product market performance via a managerial monitoring channel. Using both historical data and the Reg SHO, we find that higher short interest leads to lower market shares of large firms. Our Reg SHO results are also stronger in concentrated...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014353931

Short selling and corporate financial fraud : empirical evidence from China

Lu, Pu; Wang, Yong; Li, Bing - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014446640

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Short Selling and Corporate Financial Fraud : Empirical Evidence from China

Lu, Pu; Wang, Yong; Li, Bing - 2023

Book / Working Paper