Jung, Chan Shik; Kim, Woojin; Lee, Dong Wook - In: Pacific-Basin Finance Journal 21 (2013) 1, pp. 1232-1248
This paper examines how individual investors' participation in short sale affects the efficiency of stock pricing using a unique regulatory change in Korea. The change enables individual investors to sell short some – but not all – domestic stocks, without affecting the short-selling ability...