메뉴 건너뛰기




Volumn 68, Issue 1, 2013, Pages 343-381

Short-Selling Bans Around the World: Evidence from the 2007-09 Crisis

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84872396822     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/j.1540-6261.2012.01802.x     Document Type: Article
Times cited : (454)

References (29)
  • 1
    • 84872409155 scopus 로고    scopus 로고
    • Asset prices under short-sale constraints, Working paper, MIT Sloan School of Management
    • Bai, Yang, Eric C. Chang, and Jiang Wang, 2006, Asset prices under short-sale constraints, Working paper, MIT Sloan School of Management.
    • (2006)
    • Bai, Y.1    Chang, E.C.2    Wang, J.3
  • 2
    • 84872381224 scopus 로고    scopus 로고
    • The transmission of financial stress from advanced to emerging economies, IMF Working paper WP/09/133
    • Balakrishnan, Ravi, Stephan Danninger, Selim Elekdag, and Irina Tytell, 2009, The transmission of financial stress from advanced to emerging economies, IMF Working paper WP/09/133.
    • (2009)
    • Balakrishnan, R.1    Danninger, S.2    Elekdag, S.3    Tytell, I.4
  • 3
    • 81255170034 scopus 로고    scopus 로고
    • Regulatory uncertainty and market liquidity: The 2008 short sale ban's impact on equity option markets
    • Battalio, Robert, and Paul Schultz, 2011, Regulatory uncertainty and market liquidity: The 2008 short sale ban's impact on equity option markets, Journal of Finance 66, 2013-2053.
    • (2011) Journal of Finance , vol.66 , pp. 2013-2053
    • Battalio, R.1    Schultz, P.2
  • 4
    • 84872422742 scopus 로고    scopus 로고
    • Unshackling short sellers: The repeal of the uptick rule, Working paper, Columbia Business School
    • Boehmer, Ekkehart, Charles M. Jones, and Xiaoyan Zhang, 2008, Unshackling short sellers: The repeal of the uptick rule, Working paper, Columbia Business School.
    • (2008)
    • Boehmer, E.1    Jones, C.M.2    Zhang, X.3
  • 5
    • 84872389594 scopus 로고    scopus 로고
    • Shackling short sellers: The 2008 shorting ban, Working paper, Columbia Business School
    • Boehmer, Ekkehart, Charles M. Jones, and Xiaoyan Zhang, 2009, Shackling short sellers: The 2008 shorting ban, Working paper, Columbia Business School.
    • (2009)
    • Boehmer, E.1    Jones, C.M.2    Zhang, X.3
  • 6
    • 84872739532 scopus 로고    scopus 로고
    • Short selling and the price discovery process
    • forthcoming)
    • Boehmer, Ekkehart, and Julie Wu, 2012, Short selling and the price discovery process, Review of Financial Studies (forthcoming).
    • (2012) Review of Financial Studies
    • Boehmer, E.1    Wu, J.2
  • 7
    • 34248190280 scopus 로고    scopus 로고
    • Efficiency and the bear: Short sales and markets around the world
    • Bris, Arturo, William N. Goetzmann, and Ning Zhu, 2007, Efficiency and the bear: Short sales and markets around the world, Journal of Finance 62, 1029-1079.
    • (2007) Journal of Finance , vol.62 , pp. 1029-1079
    • Bris, A.1    Goetzmann, W.N.2    Zhu, N.3
  • 8
    • 84872384634 scopus 로고    scopus 로고
    • Predatory short selling, Working paper, Princeton University and Columbia University
    • Brunnermeier, Markus K., and Martin Oehmke, 2008, Predatory short selling, Working paper, Princeton University and Columbia University.
    • (2008)
    • Brunnermeier, M.K.1    Oehmke, M.2
  • 9
    • 34548496502 scopus 로고    scopus 로고
    • Short-sales constraints and price discovery: Evidence from the Hong Kong market
    • Chang, Eric C., Joseph W. Cheng, and Yinghui Yu, 2007, Short-sales constraints and price discovery: Evidence from the Hong Kong market, Journal of Finance 62, 2097-2121.
    • (2007) Journal of Finance , vol.62 , pp. 2097-2121
    • Chang, E.C.1    Cheng, J.W.2    Yu, Y.3
  • 10
    • 84872421574 scopus 로고    scopus 로고
    • Market-wide short-selling restrictions, Working paper, Vanderbilt University and Cornell University
    • Charoenrook, Anchada, and Hazem Daouk, 2005, Market-wide short-selling restrictions, Working paper, Vanderbilt University and Cornell University.
    • (2005)
    • Charoenrook, A.1    Daouk, H.2
  • 11
    • 0001675669 scopus 로고
    • Constraints on short selling and asset price adjustment to private information
    • Diamond, Douglas W., and Robert E. Verrecchia, 1987, Constraints on short selling and asset price adjustment to private information, Journal of Financial Economics 18, 277-312.
    • (1987) Journal of Financial Economics , vol.18 , pp. 277-312
    • Diamond, D.W.1    Verrecchia, R.E.2
  • 12
    • 58949084946 scopus 로고    scopus 로고
    • It's SHO time! Short-sale price tests and market quality
    • Diether, Karl B., Kuan-Hui Lee, and Ingrid M. Werner, 2009, It's SHO time! Short-sale price tests and market quality, Journal of Finance 64, 37-73.
    • (2009) Journal of Finance , vol.64 , pp. 37-73
    • Diether, K.B.1    Lee, K.-H.2    Werner, I.M.3
  • 13
    • 0003313336 scopus 로고    scopus 로고
    • Is information risk a determinant of asset returns
    • Easley, David, Soeren Hvidkjaer, and Maureen O'Hara, 2002, Is information risk a determinant of asset returns Journal of Finance 57, 2185-2221.
    • (2002) Journal of Finance , vol.57 , pp. 2185-2221
    • Easley, D.1    Hvidkjaer, S.2    O'Hara, M.3
  • 14
    • 38249030378 scopus 로고
    • Estimating the components of the bid/ask spread
    • Glosten, Lawrence R., and Lawrence Harris, 1988, Estimating the components of the bid/ask spread, Journal of Financial Economics 21, 123-142.
    • (1988) Journal of Financial Economics , vol.21 , pp. 123-142
    • Glosten, L.R.1    Harris, L.2
  • 15
    • 0345401653 scopus 로고
    • Bid, ask, and transaction prices in a specialist market with heterogeneously informed traders
    • Glosten, Lawrence R., and Paul Milgrom, 1985, Bid, ask, and transaction prices in a specialist market with heterogeneously informed traders, Journal of Financial Economics 14, 71-100.
    • (1985) Journal of Financial Economics , vol.14 , pp. 71-100
    • Glosten, L.R.1    Milgrom, P.2
  • 17
    • 41549156455 scopus 로고    scopus 로고
    • Where is the market? Evidence from cross-listings in the U.S.
    • Halling, Michael, Marco Pagano, Otto Randl, and Josef Zechner, 2008, Where is the market? Evidence from cross-listings in the U.S., Review of Financial Studies 21, 724-761.
    • (2008) Review of Financial Studies , vol.21 , pp. 724-761
    • Halling, M.1    Pagano, M.2    Randl, O.3    Zechner, J.4
  • 18
    • 84872398996 scopus 로고    scopus 로고
    • Price inflation and wealth transfer during the 2008 SEC short-sale ban, Working paper, University of Southern California
    • Harris, Lawrence E., Ethan Namvar, and Blake Phillips, 2009, Price inflation and wealth transfer during the 2008 SEC short-sale ban, Working paper, University of Southern California.
    • (2009)
    • Harris, L.E.1    Namvar, E.2    Phillips, B.3
  • 19
    • 84977728940 scopus 로고
    • Measuring the information content of stock trades
    • Hasbrouck, Joel, 1991, Measuring the information content of stock trades, Journal of Finance 46, 179-207.
    • (1991) Journal of Finance , vol.46 , pp. 179-207
    • Hasbrouck, J.1
  • 20
    • 0038176749 scopus 로고    scopus 로고
    • Differences of opinion, short-sales constraints, and market crashes
    • Hong, Harrison, and Jeremy C. Stein, 2003, Differences of opinion, short-sales constraints, and market crashes, Review of Financial Studies 16, 487-525.
    • (2003) Review of Financial Studies , vol.16 , pp. 487-525
    • Hong, H.1    Stein, J.C.2
  • 21
    • 84859861050 scopus 로고    scopus 로고
    • Shorting restrictions: Revisiting the 1930s
    • Doi: 10.1111/j.1540-6288.2011.00319.x
    • Jones, Charles M., 2012, Shorting restrictions: Revisiting the 1930s, The Financial Review 47, 1-35, Doi: 10.1111/j.1540-6288.2011.00319.x.
    • (2012) The Financial Review , vol.47 , pp. 1-35
    • Jones, C.M.1
  • 22
  • 23
    • 84874866266 scopus 로고    scopus 로고
    • Can short restrictions result in more informed short selling? Evidence from the 2008 regulations
    • forthcoming).
    • Kolasinksi, Adam C., Adam V. Reed, and Jacob R. Thornock, 2012, Can short restrictions result in more informed short selling? Evidence from the 2008 regulations, Financial Management (forthcoming).
    • (2012) Financial Management
    • Kolasinksi, A.C.1    Reed, A.V.2    Thornock, J.R.3
  • 24
    • 84860882351 scopus 로고    scopus 로고
    • Banning short sales and market quality: The UK's experience
    • Marsh, Ian W., and Richard Payne, 2012, Banning short sales and market quality: The UK's experience, Journal of Banking and Finance 36, 1975-1986.
    • (2012) Journal of Banking and Finance , vol.36 , pp. 1975-1986
    • Marsh, I.W.1    Payne, R.2
  • 25
    • 1642364522 scopus 로고    scopus 로고
    • How do exchanges select stocks for option listing
    • Mayhew, Stewart, and Vassil Mihov, 2004, How do exchanges select stocks for option listing Journal of Finance 59, 447-471.
    • (2004) Journal of Finance , vol.59 , pp. 447-471
    • Mayhew, S.1    Mihov, V.2
  • 26
    • 84916929634 scopus 로고
    • Risk, uncertainty and divergence of opinion
    • Miller, Edward M., 1977, Risk, uncertainty and divergence of opinion, Journal of Finance 32, 1151-1168.
    • (1977) Journal of Finance , vol.32 , pp. 1151-1168
    • Miller, E.M.1
  • 27
    • 84872385732 scopus 로고    scopus 로고
    • Costly short-selling and stock price adjustment to earnings announcements, Working paper, University of North Carolina
    • Reed, Adam, 2007, Costly short-selling and stock price adjustment to earnings announcements, Working paper, University of North Carolina.
    • (2007)
    • Reed, A.1
  • 29
    • 84862016074 scopus 로고    scopus 로고
    • Short selling and intraday price pressures
    • Doi: 10.1111/j.1755-053X.2012.01189.x
    • Shkilko, Andriy, Bonnie Van Ness, and Robert Van Ness, 2012, Short selling and intraday price pressures, Financial Management 41, 345-370. Doi: 10.1111/j.1755-053X.2012.01189.x.
    • (2012) Financial Management , vol.41 , pp. 345-370
    • Shkilko, A.1    Ness, B.V.2    Ness, R.V.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.