Short-sale disclosure rules can distort securities prices, Bundesbank paper says
Authors use ‘unique data set’ on German short-selling positions
Imposing transparency conditions on short-selling positions can lead to significant distortions in the securities markets, a discussion paper published by the Deutsche Bundesbank says.
In Flying under the radar: the effects of short-sale disclosure rules on investor behavior and stock prices, Stephan Jank, Christoph Roling and Esad Smajlbegovic examine the effect of transparency requirements on short sales of securities.
The authors use what they call "a unique data set" containing information
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