'Much Ado About Nothing': Short Selling Ban Effectiveness on Bank Stock Prices

Aliano, M.
;
2014-01-01

Abstract

Most regulators around the world reacted to the 2007-09 crisis by imposing bans on short selling. Using data from seven equity markets, this study empirically examines the impact of the 2008 short-selling bans on financial stocks. Using panel and matching techniques, evidence indicates that bans on short-selling (i) on the whole widen volatility both in terms of High-Low spread and GARCH analysis, (ii) were not able to reduce systematic risk, (iii) overall failed to support prices. On the whole our results are in line with previous literature.
2014
2014
Inglese
4
4
48
59
12
https://www.virtusinterpress.org/MUCH-ADO-ABOUT-NOTHING-SHORT.html
Esperti anonimi
internazionale
scientifica
Short Selling Ban; Event Studies; Garch Analysis; Financial Crisis; Systematic Risk; Financial Regulation
Short Selling Ban Effectiveness on Bank Stock Prices (Brief Running Title)
Aliano, M.; Galloppo, G.; Abdelmoneim, Y.
1.1 Articolo in rivista
info:eu-repo/semantics/article
1 Contributo su Rivista::1.1 Articolo in rivista
262
3
open
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