Disciplinary effect of short selling: evidence from mergers and acquisitions

Using Regulation SHO's pilot program as a natural experiment, we study how removing short-selling constraints affects a firm's mergers and acquisitions (M&A). Design/methodology/approach: Difference-in-difference (DID) regressions. We find that during the pilot program, firms in the pilot group sign...

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Bibliografski detalji

Glavni autori:	Hai Lin, Chang Yu
Format:	Artigo
Jezik:	Inglês
Izdano:	Emerald Publishing 2026-03-01
Serija:	China Accounting and Finance Review
Teme:	short selling mergers and acquisitions disciplinary effect pilot program agency problem
Online pristup:	https://www.emerald.com/cafr/article/28/1/57/1311454/Disciplinary-effect-of-short-selling-evidence-from
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