As leveraged investors, are margin traders as informed as short sellers? Using a unique dataset on stock-level short selling and margin trading from three international stock markets, we find that margin trading has no cross-sectional predictability but short selling does. Compared to short...

As leveraged investors, are margin traders as informed as short sellers? Using a unique dataset on stock-level short selling and margin trading from three international stock markets, we find that margin trading has no cross-sectional predictability but short selling does. Compared to short...

A field of research that attracts increasing attention from scholars is the impact of the information environment on corporate innovation. In this article, I review the research from three points of view in relation to the information environment: (i) managers' voluntary disclosure, (ii)...