As institutional investors play a significant role in improving corporate governance and
stabilizing the stock market in China, we test whether and how institutional ownership affects …

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 …

Exploiting the staggered removal of short-sale bans in China, we document unintended real
effects of allowing short selling in an emerging market featured by concentrated ownership …

This paper documents that share pledging can discourage corporate risk-taking. We find that
during the years 2005 through 2015, the level of share pledging is associated with less …

While the traditional monitoring view suggests that short selling mitigates corporate tax
avoidance, we propose and test a financial constraint hypothesis that short selling trigers …

Employing the staggered removal of short selling restrictions as a series of quasi-exogenous
shocks and using a difference-in-differences (DiD) research design, we examine the causal …

The results of the study indicate a positive correlation between the level of distraction of
institutional investors and the expropriation behavior of major shareholders. Furthermore …

Investors can sell short on designated stocks on China stock market since March 2010 when
the CSRC relieved the short-selling constraints, which provides a quasi-natural experiment …

This review surveys the existing empirical literature on the real effects of short selling on
firms, addressing them through three main perspectives: corporate governance, financial …

Using exogenous regulatory changes that have gradually removed short‐sale restrictions in
China's stock exchanges, we examine how such deregulation influences firms' corporate …