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On the importance of fiscal space: Evidence from short sellers during the COVID-19 pandemic()
Using the exogenous shock of the COVID-19 pandemic, we study how informed market participants incorporate fiscal space into their trading decisions. At the onset of the pandemic, short-selling activity shifted towards companies with low financial flexibility but only in countries with limited fiscal...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
The Authors. Published by Elsevier B.V.
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9464317/ https://www.ncbi.nlm.nih.gov/pubmed/36119141 http://dx.doi.org/10.1016/j.jbankfin.2022.106652 |