The Cost and Benefits of Short Sale Disclosure

  title={The Cost and Benefits of Short Sale Disclosure},
  author={Truong X. Duong and Zsuzsa R. Husz{\'a}r and Takeshi Yamada},
During the recent Global Financial Crisis, numerous exchanges introduced mandatory disclosure requirements on short selling to increase transparency and support stock prices. This study examines the impact of the disclosure regime on short selling on the Tokyo Stock Exchange. While we find that on average short selling declines, we also note changes in… CONTINUE READING