Activist short sellers are controversial hedge funders that some are calling the modern day Robin Hoods of the business world, others are denouncing as unethical profiteers. Most economists, however, recognize their short selling as a vital part of an efficient and liquid market. HEC academics Hervé Stolowy and Luc Paugam, with their coauthor Yves Gendron, from Université Laval in Quebec, spent three years researching the reports short sellers write on companies they suspect of nefarious activities. They link these narratives to the linguistic tools “ethos”, “pathos” and “logos”, first dreamt up by Aristotle in 350 B.C.E.. In the podcast, Hervé and Luc also share their unique exchanges with three of these sellers, people who rarely reveal their operations. on Knowledge@HEC Hosted on Acast. See acast.com/privacy for more information.

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