Bear Raids and Short Sale Bans: Is Government Intervention Justifiable?
incur signiﬁcant trading losses in the process. We ﬁnd that for a large enough existing stake, the value of ensuring the right decision oﬀsets these trading losses. However, when his existing stake is inadequate, short sellers succeed in destroying value. Whether this justiﬁes intervention depends on the expected value loss from ineﬃcient decisions versus the costs of intervention.
|Date of creation:||2010|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
Web page: http://www.EconomicDynamics.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ernst Maug, 1998. "Large Shareholders as Monitors: Is There a Trade-Off between Liquidity and Control?," Journal of Finance, American Finance Association, vol. 53(1), pages 65-98, 02.
- Diamond, Douglas W. & Verrecchia, Robert E., 1987. "Constraints on short-selling and asset price adjustment to private information," Journal of Financial Economics, Elsevier, vol. 18(2), pages 277-311, June.
- Admati, Anat R. & Pfleiderer, Paul C., 2007.
"The "Wall Street Walk" and Shareholder Activism: Exit as a Form of Voice,"
1918r2, Stanford University, Graduate School of Business.
- Anat R. Admati & Paul Pfleiderer, 2009. "The "Wall Street Walk" and Shareholder Activism: Exit as a Form of Voice," Review of Financial Studies, Society for Financial Studies, vol. 22(7), pages 2445-2485, July.
- Tor-Erik Bakke & Toni M. Whited, 2010. "Which Firms Follow the Market? An Analysis of Corporate Investment Decisions," Review of Financial Studies, Society for Financial Studies, vol. 23(5), pages 1941-1980.
When requesting a correction, please mention this item's handle: RePEc:red:sed010:165. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Zimmermann)
If references are entirely missing, you can add them using this form.