Saffi, Pedro A. C.; Sigurdsson, Kari - In: Review of Financial Studies 24 (2011) 3, pp. 821-852
This article presents a study of how stock price efficiency and return distributions are affected by short-sale constraints. The study is based on a global dataset, from 2005 to 2008, that includes more than 12,600 stocks from 26 countries. We present two main findings. First, lending supply has...
