Short selling impact on market eficciency

• Grant number: 13/20020-6
• Support Opportunities: Scholarships in Brazil - Master
• Start date: January 01, 2014
• End date: February 28, 2015
• Field of knowledge: Applied Social Sciences - Economics
• Principal Investigator: Bruno Cara Giovannetti
• Grantee: Daniel Dantas de Castro
• Host Institution: Faculdade de Economia, Administração e Contabilidade (FEA). Universidade de São Paulo (USP). São Paulo , SP, Brazil

Abstract

The economic literature has divergent views about the short selling effects on stock market. In 2012, for the brazilian market data, these operations handled approximately R$ 785 billion in more than 1.3 million deals, which represented 40% of stock market.Using a database with all deals of brazilian short selling between january 2009 and july 2011, this project aims to study the impact of those operations on market efficiency measured by indexes presented by economic literature.The project will also examine the differences in short selling between each agent type (funds, foreign investors or individual investors). In that sence, it will contribute to literature, including international, who do not have as complete data about this topic as we do.

Academic Publications

(References retrieved automatically from State of São Paulo Research Institutions)

CASTRO, Daniel Dantas de. The impact of short selling on market efficiency. 2015. Master's Dissertation - Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade (FEA/SBD) São Paulo.