Critics of short selling argue that short sellers amplify price declines by targeting firms with
falling prices in an unwarranted manner. Contrary to this viewpoint, we find that increases in …

We study whether short selling affects corporate tax aggressiveness. Exploiting staggered
short-sale deregulation in the Chinese stock market as a source of variation in market …

Using a sample of 4,148 convertibles issued over 1990–2009 by companies listed in 35
countries, the authors exploited worldwide differences in short-sale constraints to examine …

Prior literature examines the effect of either informed or arbitrage short selling on equity
markets. We test the relative importance of informed and uninformed short selling around …

This study examines whether short-sellers and financial analysts develop complementary
information about future earnings and returns and assesses whether investors can improve …

We document negative abnormal returns and abnormally high short selling in the trading
days immediately before the private placements of US convertible bonds. Issues …

Publisher Summary This chapter examines and compares the European regulatory
interventions after the 2008–2009 financial crisis to investigate their effectiveness and to …

We study how short selling affects corporate tax avoidance. By exploiting staggered short-
sale deregulation on the Chinese stock market as a source of variation in market pressure …

We examine whether short sellers predominantly target stocks with recent price declines,
amplifying the price decline and resulting in prices falling below fundamental values, or …

We examine the positions of short-sellers following sustained price declines, measured as
longer-term negative price momentum. Critics of short-sellers argue that shortselling …