Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/89228
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dc.contributorSchool of Accounting and Financeen_US
dc.creatorChen, HAen_US
dc.creatorWu, Qen_US
dc.date.accessioned2021-02-22T01:23:45Z-
dc.date.available2021-02-22T01:23:45Z-
dc.identifier.issn0882-6110en_US
dc.identifier.urihttp://hdl.handle.net/10397/89228-
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.rights© 2021 Elsevier Ltd. All rights reserved.en_US
dc.rights© 2021. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/.en_US
dc.rightsThe following publication Chen, H., & Wu, Q. (2021). Short selling threat and real activity manipulation: Evidence from a natural experiment. Advances in Accounting, 52, 100514 is available at https://dx.doi.org/10.1016/j.adiac.2021.100514.en_US
dc.subjectReal earnings managementen_US
dc.subjectRegulation shoen_US
dc.subjectShort selling threaten_US
dc.titleShort selling threat and real activity manipulation : evidence from a natural experimenten_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.volume52en_US
dc.identifier.doi10.1016/j.adiac.2021.100514en_US
dcterms.abstractIn this paper, we investigate whether and how short selling threat affects real activity manipulation. Using a regulatory experiment (Regulation SHO) that removes short selling restrictions on randomly selected pilot firms, we find that real activity manipulation is significantly reduced for pilot firms in response to increased short selling threat during the experiment period. The reduction effect is stronger for pilot firms with a transparent financial reporting strategy, a high level of negative financial reporting sentiment, and bad news. Our finding confirms short sellers' monitoring effect on opportunistic behavior, even for real activity manipulation that is difficult to detect.en_US
dcterms.accessRightsopen accessen_US
dcterms.bibliographicCitationAdvances in accounting, Mar. 2021, v. 52, 100514en_US
dcterms.isPartOfAdvances in accountingen_US
dcterms.issued2021-03-
dc.identifier.scopus2-s2.0-85100033551-
dc.identifier.artn100514en_US
dc.description.validate202102 bcrcen_US
dc.description.oaAccepted Manuscripten_US
dc.identifier.FolderNumbera0549-n01-
dc.description.fundingSourceSelf-fundeden_US
dc.description.pubStatusPublisheden_US
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