Program for Creativity + Innovation Presentation

Over the past year, in response to the fall in the stock market, Chinese financial regulators have clamped down on the practice of short selling and equity sales by large shareholders. These actions are not unprecedented - both U.S. and European regulators imposed similar bans on short selling during their own respective financial crises. In his presentation, NYU Stern Professor Matthew Richardson dispels myths about short selling and discusses why such financial regulation can be counter productive. Professor Richardson explores the voluminous academic literature on short selling to make his point.

Matthew Richardson is the Charles E. Simon Professor of Applied Financial Economics at the Leonard N. Stern School of Business at New York University. He is currently visiting NYU-Shanghai as a visiting Professor of Business for the first half of 2016. For the past decade, he held the position of the Sidney Homer Director of the Salomon Center for the Study of Financial Institutions which is a leading financial research center. Prior to being at NYU, Professor Richardson was an Assistant Professor of finance at the Wharton School of the University of Pennsylvania. In addition, he is a Research Associate of the National Bureau of Economic Research.

Professor Richardson has done research in many areas of finance, including both theoretical and empirical work, publishing in the major journals such as the Journal of Finance, Journal of Financial Economics, Review of Financial Studies and American Economic Review. He co-edited three books on the financial crisis titled “Restoring Financial Stability: How to Repair a Failed System” (Wiley, 2009), “Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance” (Wiley, November 2010), and “Modernizing Insurance Regulation,” (Wiley, 2014), and is a co-author of "Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance" (Princeton University Press, March 2011). Professor Richardson completed both his bachelor and master degrees in economics concurrently at the University of California at Los Angeles. He received his doctor of philosophy in finance from the Graduate School of Business at Stanford University.

NYU Vice Dean Adam Brandenburger will be introducing Professor Richardson and moderating the Q&A.

This PCI presentation is co-sponsored by Volatility Institute at NYU Shanghai.