The Relevance of Short Sales to the Maltese Stock Market

Paul Azzopardi and Silvio Camilleri ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper outlines the main concepts behind short selling activities and explores their relevance to a smaller stock market in the context of Maltese securities. While short sales have desirable properties, especially with respect to pricing efficiency, formal and informal restrictions may hinder this function. Short sale activity may be particularly risky in the context of the Maltese market, due to its low liquidity level. Short sales on their own may not be sufficient to enhance liquidity levels on this market.

Keywords: Short Sales; Malta; Securities Trading; Equity Markets (search for similar items in EconPapers)
JEL-codes: G00 G14 G2 G23 (search for similar items in EconPapers)
Date: 2003-01-01
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Citations: View citations in EconPapers (1)

Published in Bank Of Valletta Review 28.-(2003): pp. 1-17

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:84566

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