Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286148 
Title (translated): 
Effectiveness of short sales bans in Spain
Year of Publication: 
2018
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 26 [Year:] 2018 [Pages:] 250-268
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract (Translated): 
This paper studies the influence of short sales bans on the Spanish stock market, and its objective is to know if this corrective measure has had positive effects on the market. To determine this influence, we have studied the profitability, risk and liquidity of Ibex 35 in the period between November 11, 2008 and May 31, 2013, distinguishing in this period between the two restrictions established in Spain during the crisis. To measure the impact of these bans, econometric linear regression models have been designed between securities lending volume and profitability of Ibex 35, concluding that the bans on short sales implemented have not corrected the falls in quotations or the volatility. However, there is a significant decrease in the volume of trading during the ban periods.
Subjects: 
Stock markets
short selling
Ibex 35
profitability
volatility
trading volume
JEL: 
G14
G28
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

Files in This Item:
File
Size
855.67 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.