Worldwide short selling:  Regulations and activity

Research teams in the Fogelman College Department of Finance are surveying 135 stock exchanges around the World to characterize the optimal design for Financial Markets.

New groundbreaking findings have emerged showing that computer technology has immense impact on market volume and has reduced the cost of capital significantly for listed firms. With lower cost of equity, firms can now to undertake more projects increasing economic welfare at a rapid pace.

Early work by the research teams has resulted in publications in premier finance journals such as the Journal of Finance, Journal of Financial Transformation, Journal of Investment Management. The work has also been featured in Forbes magazine, the bestselling book Market Liquidity published by John Wiley and Sons Inc., and appeared in The Commercial Appeal and Shelby Sun Times.

Continuing work by P.K. Jain (pankaj.jain@memphis.edu), Associate Professor, Thomas Mcinish (tmcinish@memphis.edu), Wunderlich Chair of Excellence, and doctoral student Archana Jain, examines short selling regulation and short selling trading activity around the World in collaboration with Australian researcher Michael McKenzie from the University of Sydney.