Yim, Sang-Giun - In: Global business and finance review 28 (2023) 7, pp. 105-121
Purpose: Prior studies suggest that an informative stock price helps corporate investment decisions. Since short-selling … improves the informativeness of stock prices, short-selling could influence corporate investment. This study examines this … conjecture. Design/methodology/approach: Using KOSPI-listed firm data, this study examines whether short-selling affects …