Yadav, Pradeep; Fotak, Veljko; Raman, Vikas - 2009
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 …