Blau, Benjamin M.; Ness, Robert A. Van; Warr, Richard S. - In: Journal of Banking & Finance 36 (2012) 3, pp. 886-897
We examine the effect of home market short-sale constraints on securities that also trade in other countries that have more liberal short-sale rules. In particular, we focus on the case of ADRs traded in the US, as in some cases, the home markets of these ADRs prohibit short selling. We find...