Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.12540/638
Title: The effect of activist short seller research reports on stock price
Authors: Huang, Zhou 
Issue Date: 2020
Source: Huang, Z. (2020). The effect of activist short seller research reports on stock price [Unpublished bachelor's thesis]. Wenzhou-Kean University.
Abstract: The purpose of this study is to investigate the effect of short seller research reports on prices of stocks that are traded at Hong Kong Stock Exchange. The study collects 17 activist short-selling cases that initiated by Blue Orca Capital, J Capital Research, Bonitas Research and Muddy Waters Research from 2014 to 2019. The study observes negative abnormal return in each of the 20 days after the publication date. The targeted companies’ stocks will experience a negative cumulative abnormal return in the approximate one or two months after the publication date. The findings of the study support the argument that short seller research reports have a great negative influence on targeted companies’ stocks that are traded at Hong Kong Stock Exchange. The results suggest that activist short sellers have been made profit by trading before the publication day of short sellers research reports and that the decision based on the information released on short seller research reports may not benefit investors.
URI: https://hdl.handle.net/20.500.12540/638
Appears in Collections:Theses and Dissertations

Files in This Item:
File Description SizeFormat 
wku_etd001_cbpm01_000566.pdf329.03 kBAdobe PDFThumbnail
View/Open
Show full item record

Page view(s)

59
checked on Jun 25, 2021

Download(s)

5
checked on Jun 25, 2021

Google ScholarTM

Check


This item is licensed under a Creative Commons License Creative Commons