Short selling frictions cannot explain the persistence of seven prominent stock anomalies. Long-only investing is robust and profitable and can be further enhanced by using a synthetic short. Moreover, portfolios restricted to stocks that are easy to short sell continue to have large and...

Regulatory and media concern has focused heavily on the potentially manipulative distortion of market prices associated with naked short selling. However, naked shorting can also have beneficial effects for liquidity and pricing efficiency. We empirically investigate the impact of naked...

We show short selling in corporate bonds forecasts future bond returns. Short selling predicts bond returns where private information is more likely, in high-yield bonds, particularly after Lehman's collapse. Short selling predicts returns following both high and low past bond returns. This,...

We examine the effects of the short selling ban, imposed by Australian regulators in the wake of the global financial crisis, on trading of financial stocks. Unlike other developed markets, where regulators imposed short-selling restrictions for brief periods of time at the height of the...

In this paper, we investigate short sale constraints' impact on the incidence of extreme stock market movements. The latter can be used to proxy for the likelihood of tail events like crashes and bubbles in a market and, thus, is a crucial measure of stock market stability. Since crashes and...

We examine the effects of the short selling ban, imposed by Australian regulators in the wake of the global financial crisis, on trading of financial stocks. Unlike other developed markets, where regulators imposed short-selling restrictions for brief periods of time at the height of the...

In this paper we examine the effects of the short selling ban on trading of financial stocks imposed by Australian regulators in the wake of the global financial crisis. Unlike other developed markets where regulators imposed short-selling restrictions mostly for brief periods of time at the...

11.08.2011 tarihli Sermaye Piyasası Kurulu duyurusunda, İstanbul Menkul Kıymetler Borsası'nda Ağustos 2011 döneminde yaşanan dalgalanmalar ve kayıplar gerekçe gösterilerek açığa satışlarda başlangıç teminatı oranının %50'den %70'e çıkarıldığı ifade edilmiştir. Söz...