Broker and institutional investor short selling

Simple item page
dc.citation.volumeEarly View
dc.contributor.authorMarshall BR
dc.contributor.authorNguyen NH
dc.contributor.authorVisaltanachoti N
dc.contributor.authorZhu J
dc.date.accessioned2024-10-09T22:40:50Z
dc.date.available2024-10-09T22:40:50Z
dc.date.issued2024-09-20
dc.description.abstractBrokers have access to order-flow data, which they can use to enhance their short-selling returns. However, New Zealand brokers also have a fiduciary duty to place their clients' interests before their own. We compare the short-selling returns and trading behaviours of brokers and institutional investors who predominantly focus on profit-making. Our results show no significant return difference between broker and institutional short sales and indicate that broker short sales are apparently to stabilise the market. Short selling is associated with improved market quality, and this improvement is more pronounced when brokers short sell more than institutional investors.
dc.description.confidentialfalse
dc.format.pagination1-25
dc.identifier.citationMarshall BR, Nguyen NH, Visaltanachoti N, Zhu J. (2024). Broker and institutional investor short selling. Accounting and Finance. Early View. (pp. 1-25).
dc.identifier.doi10.1111/acfi.13339
dc.identifier.eissn1467-629X
dc.identifier.elements-typejournal-article
dc.identifier.issn0810-5391
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/71667
dc.languageEnglish
dc.publisherJohn Wiley and Sons Australia, Ltd on behalf of Accounting and Finance Association of Australia and New Zealand
dc.publisher.urihttps://onlinelibrary.wiley.com/doi/10.1111/acfi.13339
dc.relation.isPartOfAccounting and Finance
dc.rights(c) The author/sen
dc.rights.licenseCC BY-NC-ND 4.0en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectBrokers
dc.subjectinstitutional investor
dc.subjectshort selling
dc.titleBroker and institutional investor short selling
dc.typeJournal article
pubs.elements-id491755
pubs.organisational-groupOther
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