Go Down Fighting: Short Sellers vs. Firms

By O. Lamont. 2012

201 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/90a6ac32354b29c9c1e16c7c59597fe451063783

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Jay R. Ritter
2. Adam V. Reed
3. Parag A. Pathak
4. P. Asquith
5. Avanidhar Subrahmanyam
6. Tim Loughran
7. Rongbing Huang
8. Donghang Zhang

In Finance

1. Jay R. Ritter
2. Parag A. Pathak
3. P. Asquith
4. Adam V. Reed
5. Avanidhar Subrahmanyam
6. John Y. Campbell
7. Rongbing Huang
8. Donghang Zhang

Citations in the corpus

• Short Selling and Earnings Management: A Controlled Experiment (2016, unknown): “The pilot program thus eliminates the need to directly estimate short-selling costs, a notoriously difficult task (Lamont (2012)).”
• Short Interest, Institutional Ownership, and Stock Returns (2005, background): “More importantly, as other studies show (D’Avolio (2002), Geczy, Musto, and Reed (2002), and Jones and Lamont (2002)), many of the high short interest stocks with the most negative abnormal returns are on special, which increases the cost of shorting.”
• Short sales, institutional investors and the cross-section of stock returns (2005, unknown): “The findings in this paper tie in well with other recent work showing that constraints on shortselling can lead to an optimism-bias in prices (Chen, Hong, and Stein, 2002; Diether, Malloy, and Scherbina, 2002; Jones and Lamont, 2002; Lamont, 2004; Ofek, Richardson, and Whitelaw, 2004; Reed, 2003).”
• Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle (2014, unknown): “…French, 1993: MKT, SMB, and HML.) In comparison, if value-weighted decile portfolios are first formed for each individual anomaly ranking, and then the returns on those portfolios are combined with equal weights across the 11 anomalies, the corresponding spread between the extreme deciles is 0.86%.”
• The Real Effects of Short-Selling Constraints (2014, unknown): “Further, Lamont (2012) provides evidence of firms deliberately switching exchanges to get protection from the uptick rule.”
• Ownership Structure , Limits to Arbitrage and Stock Returns: Evidence from Equity Lending Markets (2016, unknown): “We show that institutional ownership is not a sufficient statistic to proxy for lending supply as is often assumed in the literature (see Asquith et al. 2005; Lamont 2012; Nagel 2005; Akbas et al. 2008; Kolasinski et al. 2013 among others).”
• The skinny on the 2008 naked short-sale restrictions (2010, unknown): “investigations, or lawsuits (Lamont, 2004).”
• Costly short -selling and stock price adjustment to earnings announcements (2002, background): “Lamont (2004) reviews the evidence. information is particularly slow, large price reactions are more likely in the presence of bad news, which increases the left skewness of the announcement day return distribution.”