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Short-Selling bans: impact on liquidity, price discovery and stock prices

Link to publisher's homepage at http://ijbt.unimap.edu.my

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Main Author: Shahadat, Hossain
Other Authors: shahadat@cu.ac.bd
Format: Article
Language:English
Published: School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) 2016
Subjects:
Short sale
Short-selling ban
Liquidity
Price discovery
Stock pricing
Market quality
Trader
Regulator
Online Access:http://dspace.unimap.edu.my:80/xmlui/handle/123456789/42290
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spelling my.unimap-422902018-07-24T02:59:38Z Short-Selling bans: impact on liquidity, price discovery and stock prices Shahadat, Hossain shahadat@cu.ac.bd Short sale Short-selling ban Liquidity Price discovery Stock pricing Market quality Trader Regulator Link to publisher's homepage at http://ijbt.unimap.edu.my The debate around the practice of short-selling, to restrict or not, is continual among academicians, regulators and practitioners. Short-selling bans are practiced by the regulators with a belief that it has the power to improve the market quality. With an objective to establish an academic standing to this date, this paper examines the last body of literatures addressing this issue, limited to three market quality parameters-liquidity, speed of price discovery and stock pricing, and summarizes the ideas and evidences. In most of the cases, the theoretical and empirical studies provide some clear indication: short-selling bans are liquidity damaging, detrimental to the speed of price discovery and has no or under-pricing effect, but in few cases the evidence is not straight forward. Evidences are more generally different than what are popularly argued by the regulators in imposing short-selling restrictions. 2016-07-21T02:21:29Z 2016-07-21T02:21:29Z 2016-02 Article International Journal of Business and Technopreneurship, vol.6(7), 2016, pages 89-105 2231-7090 2232-1543 (online) http://dspace.unimap.edu.my:80/xmlui/handle/123456789/42290 en School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Short sale
Short-selling ban
Liquidity
Price discovery
Stock pricing
Market quality
Trader
Regulator
spellingShingle Short sale
Short-selling ban
Liquidity
Price discovery
Stock pricing
Market quality
Trader
Regulator
Shahadat, Hossain
Short-Selling bans: impact on liquidity, price discovery and stock prices
description Link to publisher's homepage at http://ijbt.unimap.edu.my
author2 shahadat@cu.ac.bd
author_facet shahadat@cu.ac.bd
Shahadat, Hossain
format Article
author Shahadat, Hossain
author_sort Shahadat, Hossain
title Short-Selling bans: impact on liquidity, price discovery and stock prices
title_short Short-Selling bans: impact on liquidity, price discovery and stock prices
title_full Short-Selling bans: impact on liquidity, price discovery and stock prices
title_fullStr Short-Selling bans: impact on liquidity, price discovery and stock prices
title_full_unstemmed Short-Selling bans: impact on liquidity, price discovery and stock prices
title_sort short-selling bans: impact on liquidity, price discovery and stock prices
publisher School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
publishDate 2016
url http://dspace.unimap.edu.my:80/xmlui/handle/123456789/42290
_version_ 1643804047650586624
score 13.222552

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