Pedro Saffi

University of Cambridge - Judge Business School

Trumpington Street

Cambridge, CB2 1AG

United Kingdom

http://www.pedrosaffi.com

SCHOLARLY PAPERS

20

DOWNLOADS
Rank 6,373

SSRN RANKINGS

Top 6,373

in Total Papers Downloads

12,674

SSRN CITATIONS
Rank 5,603

SSRN RANKINGS

Top 5,603

in Total Papers Citations

222

CROSSREF CITATIONS

101

Scholarly Papers (20)

1.

Price Efficiency and Short Selling

AFA 2008 New Orleans Meetings Paper, IESE Business School Working Paper No. 748, Review of Finance Studies, Vol. 24, No. 3, pp. 821-852, 2011
Number of pages: 41 Posted: 04 Dec 2006 Last Revised: 07 Mar 2011
Pedro Saffi and Kari Sigurdsson
University of Cambridge - Judge Business School and Schroders Investment Management
Downloads 3,709 (5,725)
Citation 37

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Short sales constraints, market efficiency, equity lending markets, extreme returns

2.

The Role of Institutional Investors in Voting: Evidence from the Securities Lending Market

Journal of Finance, Forthcoming
Number of pages: 53 Posted: 06 Dec 2019
Reena Aggarwal, Pedro Saffi and Jason Sturgess
Georgetown University - Robert Emmett McDonough School of Business, University of Cambridge - Judge Business School and Queen Mary University of London
Downloads 2,138 (13,869)
Citation 37

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Proxy Voting, Securities Lending, Institutional Investors

3.

Deleveraging Risk

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 48 Posted: 27 Nov 2012 Last Revised: 26 Aug 2016
London Business School, University of Cambridge - Judge Business School and Schroders Investment Management
Downloads 1,051 (40,253)
Citation 13

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Deleveraging, equity lending, short selling, arbitrage capital, funding capital

4.

Ownership Structure , Limits to Arbitrage and Stock Returns: Evidence from Equity Lending Markets

Number of pages: 49 Posted: 17 Mar 2011 Last Revised: 04 Apr 2024
Nova School of Business and Economics, University of Cambridge - Judge Business School and Queen Mary University of London
Downloads 916 (48,831)
Citation 12

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Limits to Arbitrage, Equity Lending Markets, Short Selling, Ownership Structure, Arbitrage Risk

5.

Shareholder-Creditor Conflicts and Limits to Arbitrage: Evidence From the Equity Lending Market

Proceedings of Paris December 2021 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 50 Posted: 14 Dec 2020 Last Revised: 22 Dec 2023
Belk College of Business, UNC Charlotte, HEC Montreal - Department of Finance, University of Cambridge - Judge Business School and Queen Mary University of London
Downloads 797 (58,999)
Citation 1

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Limits to Arbitrage, Dual Holders, Shareholder-Creditor Conflict, Short Selling, Equity Lending

6.

Power Tussle: Hedge Fund Activists and Short Sellers

Columbia Business School Research Paper Forthcoming
Number of pages: 61 Posted: 06 Apr 2021 Last Revised: 11 Aug 2023
Tao Li, Pedro Saffi and Daheng Yang
University of Florida - Department of Finance, Insurance and Real Estate, University of Cambridge - Judge Business School and Columbia University - Columbia Business School
Downloads 549 (95,116)
Citation 2

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Hedge fund activism, short selling, short position disclosure, equity lending

7.

Short Sales Constraints and the Diversification Puzzle

Number of pages: 51 Posted: 28 Jul 2015 Last Revised: 11 Sep 2019
University of North Carolina Kenan-Flagler Business School, University of Cambridge - Judge Business School and University of Colorado at Boulder - Department of Finance
Downloads 379 (147,310)
Citation 4

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Diversification discount, short-sales constraints, differences of beliefs, equity lending, conglomerates.

8.

Internalizando a internalização de ordens (The Introduction of 'Retail Liquidity Provider' Orders in Brazil: Impact on Market Quality)

Number of pages: 51 Posted: 19 Feb 2022
Alan Genaro and Pedro Saffi
Getulio Vargas Foundation (FGV) - Sao Paulo School of Business Administration and University of Cambridge - Judge Business School
Downloads 362 (155,014)

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Retail Liquidity Provider, Brazil, microstructure, regulatory changes

9.

Expected Returns and Liquidity Risk: Does Entrepreneurial Income Matter?

IESE Business School Working Paper No. 749
Number of pages: 38 Posted: 09 Sep 2008
Pedro Saffi
University of Cambridge - Judge Business School
Downloads 360 (155,952)

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10.

First in the Queue: The Role of Access Privileges in Private Equity Performance

Number of pages: 17 Posted: 18 Nov 2021
Pantheon Ventures (UK) LLP, London School of Economics - Department of Finance, affiliation not provided to SSRN, University of Cambridge - Judge Business School and London School of Economics & Political Science (LSE)
Downloads 356 (157,867)

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Private Equity, Access Privileges, Value Creation, Performance Persistence

11.

Price Informativeness and Corporate Investment: A Model of Costly Manipulation and Share Repurchases

Number of pages: 60 Posted: 29 Sep 2020 Last Revised: 23 Dec 2023
Murillo Campello, Rafael Matta and Pedro Saffi
Cornell University - Samuel Curtis Johnson Graduate School of Management, SKEMA Business School - Université Côte d'Azur and University of Cambridge - Judge Business School
Downloads 345 (163,361)
Citation 1

Abstract:

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Short selling costs, stock manipulation, informed trading, corporate investment, share repurchases

12.
Downloads 345 (163,361)
Citation 3

Securities Lending and Information Acquisition

Number of pages: 45 Posted: 01 Jul 2020 Last Revised: 18 Apr 2024
Deutsche Bundesbank, Deutsche Bundesbank, University of Cambridge - Judge Business School and Queen Mary University of London
Downloads 302 (186,898)
Citation 4

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Equity lending markets, mutual funds, short sales, short interest, price revelation, public disclosure

Securities Lending and Information Acquisition

Deutsche Bundesbank Discussion Paper No. 08/2024
Number of pages: 49 Posted: 08 Mar 2024
Deutsche Bundesbank, Deutsche Bundesbank, University of Cambridge - Judge Business School and Queen Mary University of London
Downloads 43 (780,648)

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Equity lending markets, mutual funds, short sales, short interest, price revelation, public disclosure.

13.

A Survey of Short Selling Regulations

Number of pages: 38 Posted: 23 Apr 2023 Last Revised: 17 Apr 2024
Amy K. Edwards, Adam V. Reed and Pedro Saffi
Securities and Exchange Commission (SEC), University of North Carolina Kenan-Flagler Business School and University of Cambridge - Judge Business School
Downloads 331 (171,856)

Abstract:

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Market efficiency, liquidity, regulation, securities lending, short selling

14.

Differences of Opinion, Information and the Timing of Trades

IESE Business School Working Paper No. 747
Number of pages: 51 Posted: 10 Sep 2008
Pedro Saffi
University of Cambridge - Judge Business School
Downloads 318 (178,131)

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Trading volume, differences of opinion, information asymmetry

15.

Does the Replication Method Matter? Comparing Tracking Performance during Market Turmoil

Number of pages: 41 Posted: 18 Nov 2021 Last Revised: 31 May 2023
Pedro Saffi and Xinrui Zheng
University of Cambridge - Judge Business School and Zhongnan University of Economics and Law
Downloads 278 (204,901)

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ETF, Synthetic Replication, Tracking Efficiency, Counterparty Risk, Liquidity, VIX, Distress

16.

ETF Launching Decisions within a Fund Family Complex

Number of pages: 49 Posted: 23 Mar 2021 Last Revised: 05 Mar 2024
Pedro Saffi and Xinrui Zheng
University of Cambridge - Judge Business School and Zhongnan University of Economics and Law
Downloads 222 (255,555)

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Exchange-traded fund (ETF), launching, fund family, market concentration, externalities

17.

The Big Short: Short Selling Activity and Predictability in House Prices

46th Annual AREUEA Conference Paper
Number of pages: 50 Posted: 01 Dec 2010 Last Revised: 29 Sep 2016
Pedro Saffi and Carles Vergara-Alert
University of Cambridge - Judge Business School and University of Navarra, IESE Business School
Downloads 218 (259,890)

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Housing prices, short sales, financial crisis, equity lending, REITs

18.

Satisfied Employees, Satisfied Investors: How Employee Well-being Impacts Mutual Fund Returns

Posted: 28 Jan 2023 Last Revised: 12 Apr 2024
Elias L. Ohneberg and Pedro Saffi
University of Cambridge - Judge Business School and University of Cambridge - Judge Business School

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Mutual fund, employee satisfaction, performance, risk-taking, mergers

19.

The More Things Change, The More They Stay the Same: Why Do Mutual Funds Change Sub-advisors?

Posted: 14 Nov 2021
Imperial College London, University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and Zhongnan University of Economics and Law

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Mutual Funds, sub-advisors, managerial turnover, return-chasing, competition.

20.

The Rise of the Equity Lending Market: Implications for Corporate Policies

Posted: 15 Dec 2015 Last Revised: 14 Nov 2020
Murillo Campello, Rafael Matta and Pedro Saffi
Cornell University - Samuel Curtis Johnson Graduate School of Management, SKEMA Business School - Université Côte d'Azur and University of Cambridge - Judge Business School

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Equity lending markets, short sales, corporate policies, share repurchases, investment, savings, trading frictions