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practice of fraudulent manipulation continues to proliferate and threaten the capitalization of a wide variety of issuers …
Persistent link: https://www.econbiz.de/10012900322
Most stock exchange regulators around the world reacted to the 2007-2009 crisis byimposing bans or regulatory constraints on short-selling. Short-selling restrictions wereimposed and lifted at different dates in different countries, often applied to different sets ofstocks and featured different...
Persistent link: https://www.econbiz.de/10011382070
manipulation designed to save Porsche from insolvency and the German laws against this kind of abuse were not effectively enforced … significantly impeded market efficiency. Preventing manipulation is important because without efficient securities markets, the EU …
Persistent link: https://www.econbiz.de/10011875647
We identify an alternative source of ETF shorting related to the market maker liquidity provision and creation/redemption activities. This “operational shorting” arises due to a regulatory exemption, allowing ETF market makers to satisfy excess demand in secondary markets by selling ETF...
Persistent link: https://www.econbiz.de/10012901949
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...
Persistent link: https://www.econbiz.de/10012932197
In this study, we examine the impact of a market-wide mandatory disclosure policy on short selling on the Tokyo Stock Exchange. We find that average short selling slightly declined while investors' shorting strategies changed significantly in response to the disclosure. Previously highly shorted...
Persistent link: https://www.econbiz.de/10013035312
In this study, we examine the impact of a market-wide mandatory disclosure policy on short selling on the Tokyo Stock Exchange. We find that average short selling slightly declined while investors’ shorting strategies changed significantly in response to the disclosure. Previously highly...
Persistent link: https://www.econbiz.de/10011209848
circles and it was concluded that manipulation exerts negative impact on markets. A market with manipulation is considered as … less trustworthy and credible compared to a market without manipulation, which in turn, affects demand. Manipulations …, and regulatory institutions. This paper aims to review economic and financial studies on manipulation in order to reveal …
Persistent link: https://www.econbiz.de/10010754635
Persistent link: https://www.econbiz.de/10004998312
circles and it was concluded that manipulation exerts negative impact on markets. A market with manipulation is considered as … less trustworthy and credible compared to a market without manipulation, which in turn, affects demand. Manipulations …, and regulatory institutions. This paper aims to review economic and financial studies on manipulation in order to reveal …
Persistent link: https://www.econbiz.de/10010764144