期刊名称:The USV Annals of Economics and Public Administration
印刷版ISSN:2344-3847
出版年度:2016
卷号:16
期号:3
页码:78-86
语种:English
出版社:Editura Universitatii Ştefan cel Mare din Suceava
摘要:This paper aims at providing insight into some of the implication of short selling for markets, investors as well as regulators. Findings show that capital flows are adversely affected by strict regulation and bans of short sales, while market liquidity, and bid-ask spread can be improved by allowing short selling. Additionally portfolios that incorporate short selling strategies can have lower volatility in returns. The informational content of short sales can provide important feedback for informed investors and lead to better price discovery.