Short Selling and Managerial Ability

Wei Zhang

Asia-Pacific Journal of Accounting & Economics, 2024, vol. 31, issue 3, 360-377

Abstract: Using a balanced panel of treatment and control firms based on Regulation SHO of 2004 which suspended short sale price tests for a third of the stocks in the Russell 3000 index, we examine the impact of short selling on managerial ability. We found evidence that short selling enhances managerial ability in treatment firms during the period in which short sale price tests were suspended. Subsample analysis suggests that our results could be interpreted within the context of risk-taking behavior of CEOs.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/16081625.2022.2092159 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:raaexx:v:31:y:2024:i:3:p:360-377

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/raae20

DOI: 10.1080/16081625.2022.2092159

Access Statistics for this article

Asia-Pacific Journal of Accounting & Economics is currently edited by Yin-Wong Cheung, Hong Hwang, Jeong-Bon Kim, Shu-Hsing Li and Suresh Radhakrishnan

More articles in Asia-Pacific Journal of Accounting & Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().