| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5090030 | Journal of Banking & Finance | 2012 | 12 Pages |
Abstract
⺠We test if short selling of ADRs depends on short constraints in the home market. ⺠Short sellers target ADRs from countries where short selling is prohibited. ⺠Home market constraints lead to overvaluation of US ADRs. ⺠US short sellers circumvent the home market restrictions by shorting ADRs.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Benjamin M. Blau, Robert A. Van Ness, Richard S. Warr,