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|Title:||The impact of short-selling pressure on corporate employee relations|
|Citation:||Journal of Corporate Finance, 2020; 64:1-21|
|Paul Brockman, Juan Luo, Limin Xu|
|Abstract:||We show that randomly-selected Regulation SHO pilot firms respond to an increased threat of short selling by significantly improving their employee relations. Pilot firms enhance employee security to reduce the likelihood of employee-related negative publicity. The reduction of workplace concerns is most evident among pilot firms with higher degree of earnings manipulation, short interest potential, likelihood of labor disputes and employee whistle-blowing. Pilot firms experience better stock performance during the post Reg-SHO period after easing workplace concerns. Overall, our study provides novel evidence that the removal of short-selling constraints has a real effect on labor relations.|
|Keywords:||Employee relations; Labor disputes; Short-selling; Regulation SHO|
|Description:||Available online 20 June 2020|
|Rights:||© 2020 Elsevier B.V. All rights reserved.|
|Appears in Collections:||Business School publications|
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