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...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| Online Access: | 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 |
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| Institution: | Singapore Management University |
| Language: | English |