Do short sellers use textual information? Evidence from annual reports
We examine short-sellers’ use of textual information in annual reports for shorting activities. We find that more uncertainty and negative words in annual reports are associated with greater abnormal shorting volume. Short selling motivated by textual information negatively predicts stock price reac...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2020
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/6598 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7597/viewcontent/SSRN_id3683086.pdf |
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| Institution: | Singapore Management University |
| Language: | English |