We survey recent research in accounting anomalies and fundamental analysis. We use
forecasting of future earnings and returns as our organizing framework and suggest a …

We introduce a new text-mining methodology that extracts sentiment information from news
articles to predict asset returns. Unlike more common sentiment scores used for stock return …

Most regulators around the world reacted to the 2007–09 crisis by imposing bans on short
selling. These were imposed and lifted at different dates in different countries, often targeted …

Short-sale constraints are most likely to bind among stocks with low institutional ownership.
Because of institutional constraints, most professional investors simply never sell short and …

To short a stock, an arbitrageur must first borrow it. This paper describes the market for
borrowing and lending US equities, emphasizing the conditions generating and sustaining …

We show that stock prices are more accurate when short sellers are more active. First, in a
large panel of NYSE-listed stocks, intraday informational efficiency of prices improves with …

We analyze cross‐sectional and time‐series information from 46 equity markets around the
world to consider whether short sales restrictions affect the efficiency of the market and the …

Stocks can be overpriced when short-sale constraints bind. We study the costs of short-
selling equities from 1926 to 1933, using the publicly observable market for borrowing stock …

This article presents a study of how stock price efficiency and return distributions are affected
by short-sale constraints. The study is based on a global dataset, from 2005 to 2008, that …

We examine short selling in US stocks based on new SEC-mandated data for 2005. There is
a tremendous amount of short selling in our sample: short sales represent 24% of NYSE and …