Title
Internet Appendix to: The SEC’s Short-Sale Experiment: Evidence on Causal Channels and Reassessment of Indirect Effects
Publication Date
4-12-2023
Abstract
This Appendix contains additional results and discussions to accompany Black, Desai, Litvak, Yoo, and Yu, The SEC’s Short-Sale Experiment: Evidence on Causal Channels and Reassessment of Indirect Effects (2023). It contains sample details; details on differences between our specification and the best-match specifications; additional results for the best-match specifications; results for step-by-step moves from our specification to each best-match specification; technical replication for FHK and HHZ; robustness assessments for the FHK and HHZ exact samples and specifications; and analysis of the additional specifications and datasets publicly posted by FHK in response to an earlier draft of the paper. We confirm technical replication for the FHK accruals result and the HHZ result for audit fees, for their exact samples and specification, but show that both results are fragile. We also respond in detail to the FHK reply to an earlier draft of this paper.
Document Type
Article
Disciplines
Accounting
DOI
10.2139/ssrn.3657200
Source
SMU Cox: Accounting (Topic)
Language
English