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- Efficiency and the Bear: Short Sales and Markets around the World
- We analyze cross-sectional and time series information from forty-seven equity markets around the world, to consider whether short-sales restrictions affect the efficiency of the market, and the distributional characteristics of returns to individual stocks and market indices. Using the approach developed in Moerck et al. (2000) we find significantly more...
- White papers 2003-01-01
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