Easton, Steve; Pinder, Sean; Uylangco, Katherine - In: Journal of Banking & Finance 37 (2013) 10, pp. 3924-3929
This paper uses a unique data set of trades in a unique pair of securities that enables the precise identification of individual broker activity and the trade direction of that activity. We find direct evidence that the imposition (removal) of short-sale constraints limits (generates) trading...