Pedro A. C. Saffi

University of Cambridge - Judge Business School

Trumpington Street

Cambridge, CB2 1AG

United Kingdom

http://www.pedrosaffi.com

SCHOLARLY PAPERS

13

DOWNLOADS
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Top 6,206

in Total Papers Downloads

8,945

SSRN CITATIONS
Rank 6,699

SSRN RANKINGS

Top 6,699

in Total Papers Citations

96

CROSSREF CITATIONS

105

Scholarly Papers (13)

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 A. C. Saffi and Kari Sigurdsson
University of Cambridge - Judge Business School and Schroders Investment Management
Downloads 3,340 (4,235)
Citation 37

Abstract:

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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 A. C. 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 1,925 (10,476)
Citation 37

Abstract:

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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
Scott A. Richardson, Pedro A. C. Saffi and Kari Sigurdsson
AQR Capital Management, LLC, University of Cambridge - Judge Business School and Schroders Investment Management
Downloads 949 (30,658)
Citation 2

Abstract:

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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: 06 Dec 2019
Melissa Porras Prado, Pedro A. C. Saffi and Jason Sturgess
Nova School of Business and Economics, University of Cambridge - Judge Business School and Queen Mary University of London
Downloads 813 (38,014)
Citation 12

Abstract:

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

5.

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 A. C. Saffi
University of Cambridge - Judge Business School
Downloads 335 (113,914)

Abstract:

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6.

Short Sales Constraints and the Diversification Puzzle

Number of pages: 51 Posted: 28 Jul 2015 Last Revised: 11 Sep 2019
Adam V. Reed, Pedro A. C. Saffi and Edward Dickersin Van Wesep
University of North Carolina Kenan-Flagler Business School, University of Cambridge - Judge Business School and University of Colorado at Boulder - Department of Finance
Downloads 331 (115,387)
Citation 2

Abstract:

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

7.

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

Number of pages: 41 Posted: 14 Dec 2020 Last Revised: 18 Oct 2021
Yongqiang Chu, Luca X. Lin, Pedro A. C. Saffi and Jason Sturgess
Belk College of Business, UNC Charlotte, HEC Montreal - Department of Finance, University of Cambridge - Judge Business School and Queen Mary University of London
Downloads 299 (128,747)
Citation 1

Abstract:

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

8.

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 A. C. Saffi
University of Cambridge - Judge Business School
Downloads 289 (133,443)

Abstract:

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Trading volume, differences of opinion, information asymmetry

9.

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 A. C. Saffi and Carles Vergara-Alert
University of Cambridge - Judge Business School and University of Navarra - IESE Business School
Downloads 184 (205,891)

Abstract:

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

10.

Does Stock Manipulation Distort Corporate Investment? The Role of Short Selling Costs and Share Repurchases

Number of pages: 63 Posted: 29 Sep 2020 Last Revised: 25 Nov 2020
Murillo Campello, Rafael Matta and Pedro A. C. 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 181 (208,817)
Citation 1

Abstract:

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

11.

Glass Half Full or Half Empty? Activists, Short Sellers, and Disagreement

Columbia Business School Research Paper Forthcoming
Number of pages: 55 Posted: 06 Apr 2021 Last Revised: 01 Oct 2021
Tao Li, Pedro A. C. 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 168 (222,618)
Citation 1

Abstract:

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

12.

Securities Lending and Information Acquisition

Number of pages: 38 Posted: 01 Jul 2020
Deutsche Bundesbank, Deutsche BundesbankUniversity of Cologne - Centre for Financial Research (CFR), University of Cambridge - Judge Business School and Queen Mary University of London
Downloads 131 (272,280)
Citation 3

Abstract:

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

13.

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 A. C. Saffi
Cornell University - Samuel Curtis Johnson Graduate School of Management, SKEMA Business School - Université Côte d'Azur and University of Cambridge - Judge Business School

Abstract:

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