Short selling pressure, stock price behavior, and management forecast precision: Evidence from a natural experiment

Short selling pressure, stock price behavior, and management forecast precision: Evidence from a natural experiment

Using a natural experiment (Regulation SHO), we show that short selling pressure and consequent stock price behavior have a causal effect on managers' voluntary disclosure choices. Specifically, we find that managers respond to a positive exogenous shock to short selling pressure and price sens...

Saved in:

書目詳細資料
Main Authors:	LI, Yinghua, ZHANG, Liandong
格式:	text
語言:	English
出版:	Institutional Knowledge at Singapore Management University 2015
主題:	Regulation SHO short selling corporate disclosure forecast precision annual report readability managerial incentives Accounting Corporate Finance
在線閱讀:	https://ink.library.smu.edu.sg/soa_research/1700 https://ink.library.smu.edu.sg/context/soa_research/article/2727/viewcontent/ShortSellingPressureStockPriceBehavior_2014_pp.pdf
標簽:	添加標簽沒有標簽, 成為第一個標記此記錄!
機構:	Singapore Management University
語言:	English

相似書籍

Managerial incentives and management forecast precision
由: CHENG, Qiang, et al.
出版: (2013)

Managerial incentives and management forecast precision
由: CHENG, Qiang, et al.
出版: (2011)

Managerial Incentives and Management Forecast Precision
由: CHENG, Qiang, et al.
出版: (2013)

Managerial incentives and management forecast precision
由: CHENG, Qiang, et al.
出版: (2013)

Short sellers and long-run management forecasts
由: CHEN, Xia, et al.
出版: (2020)

Short sellers and long‐run management forecasts
由: CHEN, Xia, et al.
出版: (2020)

The role of convex equity incentives in managers’ forecasting decisions
由: CHO, Young Jun, et al.
出版: (2021)

Short sellers and corporate disclosures
由: CHENG, Qiang, et al.
出版: (2014)

Short sellers and corporate disclosure
由: CHEN, Xia, et al.
出版: (2018)

Short sellers and corporate disclosure
由: CHEN, Xia, et al.
出版: (2020)

Insider sales under the threat of short sellers: New hypothesis and new tests
由: Kemin Wang,, et al.
出版: (2022)

The Roles that Forecast Surprise and Forecast Error Play in Determining Management Forecast Precision
由: CHOI, Jong-Hag, et al.
出版: (2010)

Momentum and reversal: The role of short selling
由: ZHU, Zhaobo, et al.
出版: (2019)

Potential pilot problems: Treatment spillovers in financial regulatory experiments
由: BOEHMER, Ekkehart, et al.
出版: (2020)

Short-selling prior to analyst recommendations
由: QU, Can
出版: (2010)

Recommendations from SEC’s plain English handbook: Perspectives from behavioral research
由: GOH, Clarence
出版: (2019)

Disclosure regulation: Past, present, and future
由: KOTHARI, S.P., et al.
出版: (2022)

Trade secrets law and corporate disclosure: Causal evidence on the proprietary cost hypothesis
由: LI, Yinghua, et al.
出版: (2018)

The trend in short selling and the cross section of stock returns
由: ZHU, Zhaobo, et al.
出版: (2019)

The trend in short selling and the cross section of stock returns
由: ZHU, Zhaobo, et al.
出版: (2019)

Do short sellers use textual information? Evidence from annual reports
由: KOT, Hung Wan, et al.
出版: (2020)

Short selling ETFs
由: LI, Frank Weikai, et al.
出版: (2022)

The effects of risk management on management forecast behavior
由: Campbell, John L., et al.
出版: (2017)

Short selling and the price discovery process
由: BOEHMER, Ekkehart, et al.
出版: (2013)

Big data analytics and management forecasting behavior
由: GOH, Beng Wee, et al.
出版: (2023)

CFOs versus CEOs: Equity incentives and crashes
由: KIM, Jeong-Bon, et al.
出版: (2011)

Are shorts equally informed? A global perspective
由: BOEHMER, Ekkehart, et al.
出版: (2017)

Terrorist attacks, managerial sentiment, and corporate disclosures
由: CHEN, Wen, et al.
出版: (2021)

Readability of 10-K reports and stock price crash risk
由: KIM, Chansog (Francis), et al.
出版: (2019)

A neural network short-term load forecaster
由: Srinivasan, D., et al.
出版: (2014)

The Impact of firm characteristics and corporate governance on the extent of corporate internet reporting on selected listed companies in the Philippnes
由: Cabero, Moses Abraham P., et al.
出版: (2011)

Flu fallout: information production constraints and corporate disclosure
由: CHEN, Chen., et al.
出版: (2023)

CEO contractual protection and managerial short-termism
由: CHEN, Xia, et al.
出版: (2012)

CEO contractual protection and managerial short-termism
由: CHENG, Qiang, et al.
出版: (2012)

CEO contractual protection and managerial short-termism
由: CHENG, Qiang, et al.
出版: (2012)

CEO contractual protection and managerial short-termism
由: CHEN, Xia, et al.
出版: (2013)

CEO contractual protection and managerial short-termism
由: CHEN, Xia, et al.
出版: (2012)

CEO contractual protection and managerial short-termism
由: CHEN, Xia, et al.
出版: (2012)

CEO contractual protection and managerial short-termism
由: CHEN, Xia, et al.
出版: (2015)

Short selling and economic policy uncertainty
由: CAO, Xiaping, et al.
出版: (2017)