Short selling and stock returns: evidence from the UK

• Main Authors: Mohamad, Azhar, Jaafar , Aziz, Hodgkinson, Lynn, Wells, Jo
• Format: Article
• Language: English
• Published: ELSEVIER 2013
• Subjects: HG4001 Financial management. Business finance. Corporation finance.; HG4501 Stocks, investment, speculation
• Online Access: http://irep.iium.edu.my/28461/4/Short_Selling_and_Stock_Returns_Evidence_from_the_UK.pdf; http://irep.iium.edu.my/28461/; http://www.journals.elsevier.com/the-british-accounting-review/
• Institution: Universiti Islam Antarabangsa Malaysia

The practice of shorting stocks was put forward as one of the causes of the recent financial crisis whereas Shiller (2003), for example, considers shorting an essential element of an efficient market. Shorting involves selling borrowed stocks and subsequently closing the position by purchasing and r...