When you create a file shortcut, it allows the file to be accessed from several places in your Document Library without making a copy of the file. The shortcut contains the same permissions as the original file so that responders can perform the same actions that they can perform on the original file such as:
● View and manage file details
You cannot manage file permissions or view a file's version history or log through a shortcut.
Note: If a file is deleted, all shortcuts are removed from the Document Library.