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Paul Schultz

Paul Schultz is the John and Maude Clarke Professor of Finance at the University of Notre Dame. His research interests include market microstructure, short selling, municipal financing and initial public offerings. He has published his research in leading finance journal including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Journal of Business and the Journal of Economic Perspectives. Paul has served as an Associate Editor of the Journal of Finance and the Journal of Financial and Quantitative Analysis. He has been a member of the Nasdaq Economic Advisory Board and has served on the Managed Fund Association Academic Advisory Council.
Regulation

Short Selling and the Regional Bank Crisis

Robert Battalio
Capital markets are central to capitalism and the functioning of the US economy. Yet, short-selling, an integral part of price discovery in capital markets, has been blamed as a contributor to the recent banking crisis. Lawmakers and interest groups have labeled short sellers opportunists who prey on small investors and the public without justification. The authors shed light on this debate and question the merit of the allegations.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.