卖空法规调查

IF 2.2 Q2 BUSINESS, FINANCE

Review of Asset Pricing Studies Pub Date : 2024-08-09 DOI:10.1093/rapstu/raae011

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

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引用次数: 0

摘要

鉴于卖空监管的复杂性和争议性，我们对学术文献进行了回顾，并为政策制定者和学者提供了见解。我们将卖空监管的复杂历史分为三个方面：交易限制、证券借贷监管和披露要求。我们主要通过回顾学术文献和所使用的数据来源，识别、分析和讨论了 1896 年至 2021 年颁布的 45 项不同的法规。我们就监管方法的有效性以及卖空监管对市场的广泛影响提出了一些见解。(JEL G2, G12, G14, G15, G34)

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A Survey of Short-Selling Regulations

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)

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来源期刊

Review of Asset Pricing Studies BUSINESS, FINANCE-

CiteScore

19.80

自引率

0.80%

发文量

期刊介绍： The Review of Asset Pricing Studies (RAPS) is a journal that aims to publish high-quality research in asset pricing. It evaluates papers based on their original contribution to the understanding of asset pricing. The topics covered in RAPS include theoretical and empirical models of asset prices and returns, empirical methodology, macro-finance, financial institutions and asset prices, information and liquidity in asset markets, behavioral investment studies, asset market structure and microstructure, risk analysis, hedge funds, mutual funds, alternative investments, and other related topics. Manuscripts submitted to RAPS must be exclusive to the journal and should not have been previously published. Starting in 2020, RAPS will publish three issues per year, owing to an increasing number of high-quality submissions. The journal is indexed in EconLit, Emerging Sources Citation IndexTM, RePEc (Research Papers in Economics), and Scopus.