The latest theoretical and empirical evidence on short selling in the United States and throughout the world To get the most success out of what the finance community regards as a risky business, short sellers need high-level information. The Theory and Practice of Short Selling offers managers and investors the information they need to maximize and enhance their short selling capabilities for bigger profits. Frank Fabozzi collects a group of market experts who share their knowledge on everything from the basics to the complex in the world of short sales, including mechanics of short selling, the empirical evidence on short-selling, the implications or restrictions on short selling for investment strategies, short-selling strategies pursued by institutional investors, and identifying short-selling candidates. Frank J. Fabozzi, PhD, CFA (New Hope, PA), is the Frederick Frank Adjunct Professor of Finance at Yale University's School of Management and Editor of the Journal of Portfolio Management. He is the author or editor of over 100 books on finance and investing.

The latest theoretical and empirical evidence on short selling inthe United States and throughout the worldTo get the most success out of what the finance community regardsas a risky business, short sellers need high-level information. TheTheory and Practice of Short Selling offers managers and investorsthe information they need to maximize and enhance their shortselling capabilities for bigger profits. Frank Fabozzi collects agroup of market experts who share their knowledge on everythingfrom the basics to the complex in the world of short salesincluding mechanics of short selling, the empirical evidence onshort-selling, the implications or restrictions on short sellingfor investment strategies, short-selling strategies pursued byinstitutional investors, and identifying short-sellingcandidates.Frank J. Fabozzi, PhD, CFA (New Hope, PA), is the Frederick FrankAdjunct Professor of Finance at Yale University's School ofManagement and Editor of the Journal of Portfolio Management. He isthe author or editor of over 100 books on finance and investing.

Foreword (Clifford S. Asness).Preface.About the Editor.Contributing Authors.CHAPTER 1: Introduction (Frank J. Fabozzi, Steven L. Jones, andGlen Larsen).SECTION ONE: The Mechanics of Short Selling.CHAPTER 2: Mechanics of the Equity Lending Market (Jeff CohenDavid Haushalter, and Adam V. Reed).CHAPTER 3: Shorting Using Futures and Options (Frank J.Fabozzi).CHAPTER 4: Is Selling ETFs Short a Financial "ExtremeSport"? (Gary L. Gastineau).SECTION TWO: Theory and Evidence on Short Selling.CHAPTER 5: Restrictions on Short Selling and ExploitableOpportunities for Investors (Edward M. Miller).CHAPTER 6: Implications of Short Selling and Divergence ofOpinion for Investment Strategy (Edward M. Miller).CHAPTER 7: Short Sale Constraints and Overpricing (Owen A.Lamont).CHAPTER 8: How Short Selling Expands the Investment OpportunitySet and Improves Upon Potential Portfolio Efficiency (Steven L.Jones and Glen Larsen).CHAPTER 9: The Information Content of Short Sales (Steven L.Jones and Glen Larsen).SECTION THREE: Short Selling Strategies.CHAPTER 10: Spotting Clues in Qs (Ron Gutfleish and LeeAtzil).CHAPTER 11: The Economic Profit Approach to Short Selling (JamesA. Abate and James L. Grant).CHAPTER 12: Long-Short Equity Portfolios (Bruce I. Jacobs andKenneth N. Levy).SECTION FOUR: Short Selling and Market Efficiency.CHAPTER 13: Short Sales in Global Perspective (Arturo BrisWilliam N. Goetzmann, and Ning Zhu).CHAPTER 14: Short Selling and Financial Puzzles (Edward M.Miller).INDEX.