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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Main Authors: | , , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2020
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Subjects: | |
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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