Gao, Kaijuan; Ding, Muran - In: China journal of accounting research : CJAR 12 (2019) 4, pp. 379-394
Short selling may accelerate stock price adjustment to negative news. However, the literature provides mixed evidence for this prediction. Using short-sale refinancing and a staggered difference-in-differences (DID) model, this paper explores the effect of short selling on stock price...