Yadav, Pradeep K.; Fotak, Veljko; Raman, Vikas - Institut für Finanzmarktforschung, Wirtschafts- und … - 2009
with naked short selling. However, naked shorting can also have beneficial effects for liquidity and pricing efficiency. We … empirically investigate the impact of naked short-selling on market quality, and find that naked shorting leads to significant … no evidence that stock price declines were caused by naked shorting. We also find that naked short-selling intensifies …