This paper investigates the effects of religious screening on payout behavior of US firms.
Shariah compliant (SC) indices serve as suitable sample as they are emerging as …

This study investigates the relation between heterogeneous institutional investors and stock
price crash risk, then explores the effect of short selling on the relationship. By using a …

Exploring the staggered short sale deregulation on the Chinese stock market as quasi‐
exogenous shocks, we find that the introduction of short selling is associated with higher …

This study examines if downside risk matters in asset pricing. Using a comprehensive
sample of 3658 companies listed on the Chinese stock market from 1998 to 2017, evidence …

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 …

The stock market is viewed as a complex dynamic system, and investor sentiment has an
important impact on index fluctuation. This study constructs investor sentiment from margin …

Although the literature (Massa et al., 2011; Karpoff and Lu, 2010) demonstrates the
disciplinary effects of short sales on managers, no study has analyzed how short sales can …

A decade after the 2007–2009 financial crisis, the covid-19 pandemic causes disruptive
economic conditions and its uncertain nature makes the formulation of macroeconomic …

We propose a framework based on limit order book to analyze the impact of short-selling
and margin-buying on liquidity. We show that when short-sellers are perceived as informed …

In this study, we take advantage of the gradual lifting of the short‐selling ban in China and
find that firms affected by the lifting of the ban experience a lower cost of equity. In addition …