Half of the companies "attacked" by major activist short-sellers are delisted, suspended from stock exchanges, or go bankrupt, says new research. Developed by Professors Luc Paugam and Hervé Stolowy from HEC Paris and Yves Gendron of the Université Laval, this new paper analyses the short, mid and long-term consequences of Activist Short-Sellers' “research reports” on the market value of the companies they target, writes Value Walk.