Short-Sale Constraints and Securities Lending by Exchange-Traded Funds
Bansal, Naresh, McKeon, Ryan and Svetina, Marko, Short-Sale Constraints and Securities Lending by Exchange-Traded Funds (2012). Managerial Finance, Forthcoming. Available at SSRN “A stock’s inclusion in an ETF has the potential to reduce its short sale constraints by decreasing search costs and lowering recall risk. This paper examines how the introduction of ETFs impacts short …