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Short-Sales in Global Perspective

Arturo Bris, William Goetzmann and Ning Zhu

Yale School of Management Working Papers from Yale School of Management

Abstract: Short-selling differs significantly around the world, and practice depends not only on regulatory structure but upon costs and tax considerations. Our survey of world markets suggests that, while as much as 93 percent of the world's equity market by capitalization is shortable, there are particular regions of the world where it is difficult to take a short position. These include seve

Date: 2004-01-01, Revised 2009-09-01
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