This paper investigates the market's reaction to UK insider transactions and analyzes whether the reaction depends on the firm's ownership.There are three major findings.First, differences in regulation between the UK and US, in particular the speedier reporting of trades in the UK, may explain the observed larger abnormal returns in the UK.Second, ownership by directors and outside shareholders has an impact on the abnormal returns.Third, it is important to adjust for news released before directors' trades.In particular, trades preceded by news on mergers & acquisitions and CEO replacements contain significantly less information
This paper analyzes the impact of insider trading legislation on corporate governance. In a context ...
With the use of event study methodology, this paper examines abnormal returns following insider trad...
We investigate the relationship between insider trading and stock returns in firms with concentrated...
This paper investigates the market's reaction to U.K. insider transactions and analyzes whether the ...
This paper investigates the market's reaction to U.K. insider transactions and analyzes whether the ...
We examine the impact of aggregate insider trading on market returns in the UK. We find that, on agg...
Abstract: We analyze transactions by corporate insiders in Germany. We find that insider trades are ...
In this paper we analyze the strategic trading of insiders and the way insiders use short-lived priv...
In this paper we investigate how the enactment and enforcement of insider trading restrictions affec...
The paper examines three hypotheses about the effect of insider trading on the market response to ne...
Purpose The paper aims to examine the link between firm‐level large share price movements, firm‐spec...
In this paper we test the hypothesis that insiders trade strategically on specific news that offer t...
In this paper we investigate how the enactment and enforcement of insider trading restrictions affec...
We examine target firms’ price run-ups prior to takeovers in two different exchange regulatory envir...
There is considerable controversy on the role of corporate insider trading in the financial markets....
This paper analyzes the impact of insider trading legislation on corporate governance. In a context ...
With the use of event study methodology, this paper examines abnormal returns following insider trad...
We investigate the relationship between insider trading and stock returns in firms with concentrated...
This paper investigates the market's reaction to U.K. insider transactions and analyzes whether the ...
This paper investigates the market's reaction to U.K. insider transactions and analyzes whether the ...
We examine the impact of aggregate insider trading on market returns in the UK. We find that, on agg...
Abstract: We analyze transactions by corporate insiders in Germany. We find that insider trades are ...
In this paper we analyze the strategic trading of insiders and the way insiders use short-lived priv...
In this paper we investigate how the enactment and enforcement of insider trading restrictions affec...
The paper examines three hypotheses about the effect of insider trading on the market response to ne...
Purpose The paper aims to examine the link between firm‐level large share price movements, firm‐spec...
In this paper we test the hypothesis that insiders trade strategically on specific news that offer t...
In this paper we investigate how the enactment and enforcement of insider trading restrictions affec...
We examine target firms’ price run-ups prior to takeovers in two different exchange regulatory envir...
There is considerable controversy on the role of corporate insider trading in the financial markets....
This paper analyzes the impact of insider trading legislation on corporate governance. In a context ...
With the use of event study methodology, this paper examines abnormal returns following insider trad...
We investigate the relationship between insider trading and stock returns in firms with concentrated...