Ingrid M. Werner

TL;DR: This article found that there is a home bias in national investment portfolios despite the potential gains from international diversification, and that the composition of the portfolio of foreign securities seems to reflect factors other than diversification of risk, such as cross-border capital flows and the high turnover rate on foreign equity investments relative to turnover on domestic equity markets.

TL;DR: This paper examined short selling in US stocks based on new SEC-mandated data for 2005 and found that short sellers increase their trading following positive returns and correctly predict future negative abnormal returns.

TL;DR: In this paper, the authors examined the effect of the temporary suspension of short-sale price-tests for a set of Pilot securities and found that short selling activity increased both for NYSE and NASDAQ-listed Pilot stocks, returns and volatility at the daily level are unaffected.

TL;DR: The authors analyzes intraday patterns for U.K. and U.S. trading of British cross-listed stocks and finds that cross-border competition for order flow tends to reduce already declining spreads in London, by contrast, New York specialists maintain high spreads during the overlap.

TL;DR: In this article, the effects of the Securities and Exchange Commission (SEC)-mandated temporary suspension of short-sale price tests for a set of Pilot securities were examined and the results suggest that the effect of price tests on market quality can largely be attributed to distortions in order flow created by the price tests themselves.