Work

A Survey of Short-Selling Regulations

Year: 2024

Type: article

Abstract: Given the complex and controversial nature of short-selling regulation, we review the academic literature and provide insights for policy makers and academics. We organize the complex history of short-selling regulation into three areas: trading restrictions, securities lending regulations, and disclosure requirements. We identify, analyze, and discuss 45 distinct regulations promulgated from 1896 to 2021, primarily by reviewing the academic literature and the data sources employed. We provide several insights regarding the effectiveness of regulatory approaches and the wider impact of short-selling regulation on markets. (JEL G2, G12, G14, G15, G34)

Source: The Review of Asset Pricing Studies

DOI: 10.1093/rapstu/raae011

Authors: Amy K Edwards, Adam V Reed, Pedro A C Saffi

Institutions: United States Securities and Exchange Commission, University of North Carolina at Chapel Hill, University of Cambridge

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W4401598283

FWCI: 3.599

Cites: 61

Cited by: 11

Related to: 10