This study examines the cross-sectional impact of the 2008 short sale ban on the returns of U.S. financial stocks. Motivated by the large cross-sectional variation in the extent to which banned stocks suffer an illiquidity shock, we hypothesize that stocks with larger liquidity declines are...

Introduction -- Modified Fama-French Factors for REITs and the Impact of Short Selling -- Impacts of the Covid-19 Crisis on US Real Estate Investments: A Sectoral Performance and Spillover Analysis -- ESG Stocks in Times of Crisis: Evidence from US REITs During Covid-19 -- Summary and Conclusion...