The Impact of Short Selling on Corporate Non-Compliance

Mingxin Guan

doi:10.47297/wspdecWSP2515-797308.20250908

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The Impact of Short Selling on Corporate Non-Compliance

Volume 9, Issue 8

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The Impact of Short Selling on Corporate Non-Compliance
The Impact of Short Selling on Corporate Non-Compliance
Financial Management Major, School of Accounting, Dalian University of Finance and Economics, Dalian, Liaoning, 116622, China
Vol. 9, Issue 8, Pages: 43-50(2025)
Published：30 August 2025
DOI：10.47297/wspdecWSP2515-797308.20250908
Accepted：

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Guan Mingxin.The Impact of Short Selling on Corporate Non-Compliance[J].Development Economics of China,2025,09(08):43-50.
DOI：

Guan Mingxin.The Impact of Short Selling on Corporate Non-Compliance[J].Development Economics of China,2025,09(08):43-50. DOI： 10.47297/wspdecWSP2515-797308.20250908.

摘要

Abstract

Since the introduction of margin trading in China's A-share market

the role of short selling in deterring corporate misconduct has drawn significant attention. Using data from A-share listed companies between 2012 and 2020

this study employs a difference-in-differences approach and finds that short selling significantly reduces corporate misconduct. Information transparency serves as a key mediating channel. The restraining effect is stronger in firms with high-quality internal controls and private-owned enterprises. By unveiling the mediating mechanism and conducting heterogeneity analysis

this research offers valuable insights for regulatory practice.

关键词

Keywords

references

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