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Business Analysis
Handbook of Short Selling

Authors: Editor: Greg N. Gregoriou
Editions: Elsevier Inc.
Pages: 624 pages
Date: October 2011
 
 
 
Summary
This comprehensive examination of short selling, which is a bet on stocks declining in value, explores the ways that this strategy drives financial markets. Its focus on short selling by region, its consideration of the history and regulations of short selling, and its mixture of industry and academic perspectives clarify the uses of short selling and dispel notions of its destructive implications. With contributions from leading academics and practitioners around the world, this volume sheds new light on the ways short selling uncovers market forces and can yield profitable trades.

Key features of the publication include:
  • A combination of academic and professional research on short selling in all major financial markets
  • An emphasis on details about strategies, implementations, regulation, and tax advantages
  • Chapters providing summaries for readers who want up-to-date maps of subject landscapes
The main areas covered by the handbook are:
  • Regulation in the US and Canada
  • European Markets
  • China, Japan and Australia
  • Emerging Markets
  • Portfolio Management and Performance
  • Modeling, Earnings and Announcements
The book is primarily aimed at academics worldwide working in subjects connected with trading, risk management, financial modeling, financial regulation, and financial economics in general, but also at professionals working in trading, risk management, financial modeling, financial regulation, and financial economics.

Several members of EDHEC-Risk Institute have made contributions to the handbook:
  • François-Serge Lhabitant, Affiliate Professor of Finance at EDHEC Business School, co-authored two chapters in the book, one entitled "New Regulatory Developments for Short Selling in Asia: A Review", which provides a comprehensive review of the major Asian regulations on short selling and also discusses the development of securities lending and short-selling in mainland China, and the other on "Reflections on short selling regulation in the European Union", comprising a review of the national regulatory regimes in the E.U., as well as examining the new European Commission’s draft regulation on short selling.

  • Abraham Lioui, Professor of Finance at EDHEC Business School, contributed a section on the subject of "Short Sale Constraints in the US Equity Market and the Term Structure of Interest Rates".

  • Greg N. Gregoriou, Research Associate at EDHEC-Risk Institute, co-authored the chapter entitled, "An Empirical Analysis of Short Seller Hedge Funds’ Risk-Adjusted Performance: A Panel Approach".

About the Editor:

Greg N. Gregoriou is Professor of Finance in the School of Business and Economics, State University of New York, Plattsburgh, and Research Associate at EDHEC-Risk Institute.