Short Selling

被引：44
|
作者：
Reed, Adam V. [1 ]
机构：
[1] Univ N Carolina, Kenan Flagler Business Sch, Chapel Hill, NC 27599 USA
来源：
ANNUAL REVIEW OF FINANCIAL ECONOMICS, VOL 5 | 2013年 / 5卷
关键词：
short selling; equity lending; short interest; SHORT-SALES CONSTRAINTS; SHORT-SELLERS; INFORMATION-CONTENT; LIMITED ARBITRAGE; CROSS-SECTION; STOCK-PRICES; BAD-NEWS; MARKET; OPINION; OPTIONS;
D O I：
10.1146/annurev-financial-110311-101813
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Short selling plays a unique role in financial markets. Short selling's institutional structure is distinct from other types of trades, and short sellers have been shown to be more informed than other types of traders. This review discusses short sellers' motivation, the institutional mechanics of short selling, the empirical findings on short selling, the regulation of short selling, the connection between corporate events and short selling, and the equity lending market. The review assesses the current direction of research as well as summarizes the current state of knowledge about the subject.
引用
收藏
页码：245 / 258
页数：14
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