Short selling plays a unique role in financial markets. Short selling's institutional structure is
distinct from other types of trades, and short sellers have been shown to be more informed …

Abstract In September 2008, the US Securities and Exchange Commission (SEC)
temporarily banned most short sales in nearly 1,000 financial stocks. We examine the ban's …

Using unique data from 12 lenders, we examine how equity lending fees respond to
demand shocks. We find that, when demand is moderate, fees are largely insensitive to …

Financial institutions may be vulnerable to predatory short selling. When the stock of a
financial institution is shorted aggressively, leverage constraints imposed by short-term …

The effectiveness of any sanction depends on the costs of avoiding its restrictions. We
examine whether bearish option strategies were substitutes for short sales during the …

The purpose of this paper is to examine the performance of an important set of momentum-
based technical trading rules (TTRs) applied to all members of the Dow Jones Industrial …

Abstract Since 2012, all European Union countries have required disclosure of large short
positions. This reduces short interest, bid-ask spreads, and the informativeness of prices …

This study examines the cross-sectional impact of the 2008 short sale ban on the returns of
US financial stocks. Motivated by the large cross-sectional variation in the extent to which …

Using a large sample of Chinese listed firms, we examine the link between state ownership
and firms' stock price crash risk. We find that state ownership is significantly associated with …

This paper examines the impacts of two forms of leveraged trading—margin trading and
short selling—on the trading liquidity of individual stocks in China. We find that trading …