Li, Rui; Li, Jiahui; Yuan, Jinjian - In: China Finance Review International 7 (2017) 4, pp. 407-428
Purpose The purpose of this paper is to empirically analyze the impacts of short prohibitions on stock prices. Design/methodology/approach The authors adopt event study in this paper. First, the authors match each shortable stocks with one unshortable stocks by the propensity score matching...