The Business Ethics of Short Selling and Naked Short Selling
The controversy over short selling has continued unabated from the introduction of modern equity trading in Amsterdam in 1610 to the present day. Nevertheless, the business ethics literature has not really addressed short selling. Short sellers not only profit from the misery of others, they also cr...
Authors: | ; |
---|---|
Format: | Electronic Article |
Language: | English |
Check availability: | HBZ Gateway |
Journals Online & Print: | |
Fernleihe: | Fernleihe für die Fachinformationsdienste |
Published: |
Springer
2009
|
In: |
Journal of business ethics
Year: 2009, Volume: 85, Issue: 1, Pages: 239-249 |
Further subjects: | B
financial ethics
B Short Selling B Executive Compensation B Stock Market B naked short selling |
Online Access: |
Volltext (lizenzpflichtig) |
MARC
LEADER | 00000caa a22000002 4500 | ||
---|---|---|---|
001 | 1785633392 | ||
003 | DE-627 | ||
005 | 20230710121021.0 | ||
007 | cr uuu---uuuuu | ||
008 | 220112s2009 xx |||||o 00| ||eng c | ||
024 | 7 | |a 10.1007/s10551-008-9943-5 |2 doi | |
035 | |a (DE-627)1785633392 | ||
035 | |a (DE-599)KXP1785633392 | ||
035 | |a (DE-He213)s10551-008-9943-5-e | ||
040 | |a DE-627 |b ger |c DE-627 |e rda | ||
041 | |a eng | ||
084 | |a 1 |2 ssgn | ||
100 | 1 | |a Angel, James J. |e VerfasserIn |4 aut | |
245 | 1 | 4 | |a The Business Ethics of Short Selling and Naked Short Selling |
264 | 1 | |c 2009 | |
336 | |a Text |b txt |2 rdacontent | ||
337 | |a Computermedien |b c |2 rdamedia | ||
338 | |a Online-Ressource |b cr |2 rdacarrier | ||
520 | |a The controversy over short selling has continued unabated from the introduction of modern equity trading in Amsterdam in 1610 to the present day. Nevertheless, the business ethics literature has not really addressed short selling. Short sellers not only profit from the misery of others, they also create it through their selling activities. However, they also provide a socially useful service by making prices better reflect true values, protecting other investors from purchasing overpriced securities. Short sellers can also help to provide liquidity in the markets. Recently, there has been a hue and cry against so called “naked” short selling, which involves not delivering the shares that have been sold. This gives manipulators a tool for depressing stock prices and deprives purchasers of voting rights and potential stock lending revenue. Naked short selling creates ethical issues for short sellers, buyers, brokers, market makers, and regulators. Is it ethical to exploit a legal loophole that permits sellers to sell stock and delay delivering shares indefinitely? | ||
650 | 4 | |a naked short selling | |
650 | 4 | |a Short Selling | |
650 | 4 | |a Stock Market | |
650 | 4 | |a financial ethics | |
650 | 4 | |a Executive Compensation | |
700 | 1 | |a McCabe, Douglas M. |e VerfasserIn |4 aut | |
773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht : Springer, 1982 |g 85(2009), 1, Seite 239-249 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnns |
773 | 1 | 8 | |g volume:85 |g year:2009 |g number:1 |g pages:239-249 |
856 | 4 | 0 | |u https://doi.org/10.1007/s10551-008-9943-5 |x Resolving-System |z lizenzpflichtig |3 Volltext |
935 | |a mteo | ||
951 | |a AR | ||
ELC | |a 1 | ||
ITA | |a 1 |t 1 | ||
LOK | |0 000 xxxxxcx a22 zn 4500 | ||
LOK | |0 001 4033692274 | ||
LOK | |0 003 DE-627 | ||
LOK | |0 004 1785633392 | ||
LOK | |0 005 20220112043659 | ||
LOK | |0 008 220112||||||||||||||||ger||||||| | ||
LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#E4BA97242C48B29520A42D5AB9482F0B74C6A2D1 | ||
LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
LOK | |0 092 |o n | ||
LOK | |0 852 |a DE-Tue135 | ||
LOK | |0 852 1 |9 00 | ||
LOK | |0 935 |a ixzs |a ixrk |a zota | ||
ORI | |a SA-MARC-ixtheoa001.raw |