Companies “Attacked” By Major Activist Short-Sellers Are Often Delisted
Half of the companies “attacked” by major Activist Short-Sellers are delisted, suspended from stock exchanges, or go bankrupt, says new researchQ3 2020 hedge fund letters, conferences and moreDeveloped by Professors Luc Paugam and Hervé Stolowy from HEC Paris and Yves Gendron of the Université Laval, this new paper analyses the short, mid and long-term consequences of Activist Short-Sellers' “research reports” on the market value of the companies they targetThrough a detailed analysis of narratives used in 383 research reports, the authors were able to assess the language and common persuasion...