Add to ORKGIn this paper we investigate how the enactment and enforcement of insider trading restrictions affect the way in which information about acquisitions is released before the actual acquisition announcement. We analyze a sample with almost 19,000 acquisition announcements from 48 countries. We find that insider trading legislation strongly affects the information revealed to the market in the runup phase before the announcement whereas the impact of subsequent enforcement actions by regulators is much weaker and mostly insignificant. The impact of insider trading legislation is stronger in countries with more effective judicial systems. We conclude that market participants rationally anticipate the degree of law enforcement
In this paper we analyze the strategic trading of insiders and the way insiders use short-lived priv...
This paper investigates the market's reaction to UK insider transactions and analyzes whether the re...
In this paper we investigate when public enforcement of insider trading regulations reduces the amou...
In this paper we investigate how the enactment and enforcement of insider trading restrictions affec...
In this paper we investigate how the enactment and enforcement of insider trading restrictions affec...
By calculating an estimated measure of undetected insider trading, this paper shows that profits mad...
This paper presents the first comprehensive global study of insider trading laws and their first enf...
We investigate the relation between a country’s first-time enforcement of insider trading laws and s...
Despite the long-standing insider trading debate, there is little empirical research on insider trad...
This paper provides the first direct evidence of the impact of enforcing insider regulations on the ...
The primary goal of this article is to bring empirical evidence to bear on the largely theoretical l...
We examine target firms’ price run-ups prior to takeovers in two different exchange regulatory envir...
This paper investigates the market's reaction to U.K. insider transactions and analyzes whether the ...
This article characterizes insider trading in controlled firms as an agency problem. Using a standa...
The impact of tightening the regulation of illegal insider trading in the United States is analysed....
In this paper we analyze the strategic trading of insiders and the way insiders use short-lived priv...
This paper investigates the market's reaction to UK insider transactions and analyzes whether the re...
In this paper we investigate when public enforcement of insider trading regulations reduces the amou...
In this paper we investigate how the enactment and enforcement of insider trading restrictions affec...
In this paper we investigate how the enactment and enforcement of insider trading restrictions affec...
By calculating an estimated measure of undetected insider trading, this paper shows that profits mad...
This paper presents the first comprehensive global study of insider trading laws and their first enf...
We investigate the relation between a country’s first-time enforcement of insider trading laws and s...
Despite the long-standing insider trading debate, there is little empirical research on insider trad...
This paper provides the first direct evidence of the impact of enforcing insider regulations on the ...
The primary goal of this article is to bring empirical evidence to bear on the largely theoretical l...
We examine target firms’ price run-ups prior to takeovers in two different exchange regulatory envir...
This paper investigates the market's reaction to U.K. insider transactions and analyzes whether the ...
This article characterizes insider trading in controlled firms as an agency problem. Using a standa...
The impact of tightening the regulation of illegal insider trading in the United States is analysed....
In this paper we analyze the strategic trading of insiders and the way insiders use short-lived priv...
This paper investigates the market's reaction to UK insider transactions and analyzes whether the re...
In this paper we investigate when public enforcement of insider trading regulations reduces the amou...