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 …

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 derive a foreign ownership return as the weighted average return of foreign stocks that
are connected to a stock through common ownership. The foreign ownership return is of …

Is there a short-term reversal effect outside the universe of individual stocks? To answer this,
we investigate a comprehensive dataset of more than two centuries of returns on five major …

This study examines the relationship between asset liquidity and stock liquidity across 47
countries. In support of the valuation uncertainty hypothesis, we find that firms with greater …

The primary purpose of this study is to evaluate the active management in a mutual fund
from the perspective of a Czech retail investor and compare it against their passive …

This paper examines whether capital flows by foreign institutions improve liquidity in
domestic markets. I find that stocks with increased foreign institutional ownership …

A large previous literature has examined the relative importance of country and industry
effects for international stock returns. We find that there is a third important driver, ownership …

abstract Is there a short-term reversal effect outside the universe of individual stocks? To
answer this, we investigate a comprehensive dataset of more than two centuries of returns …

Many investors invest their free financial resources in both developed stock markets and
emerging markets. Emerging markets are developing markets that are gradually reaching …