Short sellers and long‐run management forecasts

We examine how short sellers affect long‐run management forecasts using a natural experiment (Regulation SHO) that relaxes short‐selling constraints on a group of randomly selected firms (referred to as pilot firms). We find that compared to other firms, the pilot firms issue more long‐run good news...

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Bibliographic Details
Main Authors: CHEN, Xia, CHENG, Qiang, LUO, Ting, YUE, Heng
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
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Online Access:https://ink.library.smu.edu.sg/soa_research/1821
https://ink.library.smu.edu.sg/context/soa_research/article/2848/viewcontent/Short_Sellers_LR_Mgt_sv.pdf
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Institution: Singapore Management University
Language: English
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