Pedro A. C. Saffi

University of Cambridge - Judge Business School

Trumpington Street

Cambridge, CB2 1AG

United Kingdom

http://www.pedrosaffi.com

  • University of Cambridge - Judge Business School

SCHOLARLY PAPERS

16

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SSRN CITATIONS
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Top 6,580

in Total Papers Citations

97

CROSSREF CITATIONS

103

Scholarly Papers (16)

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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 3,448 (4,652)
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 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 2,002 (11,329)
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
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 967 (33,674)
Citation 2

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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 842 (40,877)
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: 46 Posted: 14 Dec 2020 Last Revised: 27 Jan 2022
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 461 (88,288)
Citation 1

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

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 344 (123,217)
Citation 2

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

7.

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 337 (126,033)

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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 295 (144,892)

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Trading volume, differences of opinion, information asymmetry

9.

Power Grab: Activists, Short Sellers, and Disagreement

Columbia Business School Research Paper Forthcoming
Number of pages: 55 Posted: 06 Apr 2021 Last Revised: 29 Apr 2022
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 262 (163,466)
Citation 1

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

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 229 (186,166)
Citation 1

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

11.

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 A. C. Saffi
Getulio Vargas Foundation (FGV) - Sao Paulo School of Business Administration and University of Cambridge - Judge Business School
Downloads 211 (201,100)

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Retail Liquidity Provider, Brazil, microstructure, regulatory changes

12.

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 187 (224,195)

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

13.

Securities Lending and Information Acquisition

Number of pages: 38 Posted: 01 Jul 2020
Stefan Greppmair, Stephan Jank, Stephan Jank, Pedro A. C. Saffi and Jason Sturgess
Deutsche Bundesbank, Deutsche BundesbankUniversity of Cologne - Centre for Financial Research (CFR), University of Cambridge - Judge Business School and Queen Mary University of London
Downloads 183 (228,436)
Citation 2

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

14.

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

Number of pages: 17 Posted: 18 Nov 2021
Andrea Carnelli Dompé, Daniel Ferreira, Davide Ferri, Pedro A. C. Saffi and Bo Tang
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 177 (235,068)

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Private Equity, Access Privileges, Value Creation, Performance Persistence

15.

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

Posted: 14 Nov 2021
Julia Arnold, David Chambers, Pedro A. C. Saffi and Xinrui Zheng
Imperial College London, University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and University of Cambridge - Judge Business School

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

16.

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

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