Short-sale constraints and stock price crash risk

We examine the relation between short-sale constraints and stock price crash risk. To establish causality, we take advantage of a regulatory change from the Securities and Exchange Commission (SEC)’s Regulation SHO pilot program, which temporarily lifted short-sale constraints for randomly designated stocks. Using Regulation SHO as a natural experiment setting in which to apply a…

Details

2020 Porsche Taycan EV Review

Befitting the Taycan’s status as a performance-oriented EV, trying to describe the acceleration is an all-you-can-eat grab bag of cliché and hyperbole. Power was enigmatically quoted as “over 600 horsepower,” with the zero-to-60-mph sprint claimed to slide comfortably under the three-second mark. In keeping with Porsche’s tradition of underrating the official figures, the one we…

Details