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study naked shorting surrounding the demise of financial institutions hardest hit by the financial crisis in 2008 and find … after rather than before credit downgrade announcements during the 2008 financial crisis. In general, we find that naked … declines. We study the impact of the SEC ban on naked short selling of financial securities during July and August 2008, and …
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We study the shareholder value implications of a shift in the corporate balance of power towards shareholders. We find that in response to an unanticipated event that made it likely that an annual binding shareholder vote on management pay would become compulsory for Swiss public companies, the...
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