Adam C. Kolasinski is an Assistant Professor of Finance at the University of Washington in Seattle, WA. Adam Reed is the Julian Price Scholar and an Associate Professor of Finance at the University of North Carolina in Chapel Hill, NC. Jacob R. Thornock is an Assistant Professor of Accounting at the University of Washington in Seattle, WA.
Can Short Restrictions Actually Increase Informed Short Selling?
Article first published online: 7 JAN 2013
© 2013 Financial Management Association International.
Volume 42, Issue 1, pages 155–181, Spring 2013
How to Cite
Kolasinski, A. C., Reed, A. and Thornock, J. R. (2013), Can Short Restrictions Actually Increase Informed Short Selling?. Financial Management, 42: 155–181. doi: 10.1111/j.1755-053X.2012.01223.x
We are grateful to Bill Christie (Editor) and an anonymous referee for helpful suggestions and comments. We thank Frank Hatheway at Nasdaq, as well as others who provided and assisted with proprietary data and to Jefferson Duarte, Lew Thorson, and Lance Young for their assistance in computing PIN. We also thank seminar participants at Notre Dame, UNC, the 2009 FEA Conference, the 2010 AFA Annual Meeting, and the 2010 RMA Conference, discussants Ankur Pareek, Robert Van Ness, and Ingrid Werner for helpful comments, as well as Ferhat Akbas, Robert Battalio, Jennifer Conrad, Karl Diether, Mike Drake, Amy Edwards, Frank Hatheway, Pab Jotikasthira, Charles Jones, Stewart Mayhew, Matt Ringgenberg, Paul Schultz, and Sorin Sorescu. A previous version of this paper was called “Prohibitions versus Constraints: The 2008 Short Sales Regulations.”
- Issue published online: 5 MAR 2013
- Article first published online: 7 JAN 2013
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