Xiang, Xin; He, Xu - In: Borsa Istanbul Review 24 (2024) 1, pp. 61-72
This study investigates the effect of short sales on firms' use of trade credit. Using a sample of 3262 Chinese listed … firms from 2007 to 2019, the analysis results show that both the deregulation and the magnitude of short sales negatively … affect trade credit. The transmission mechanism indicates that firms' access to formal financing decreases after short sales …