Results 111 to 120 of about 1,524,631 (233)

Estimating the Returns to Insider Trading [PDF]

open access: yes
This paper estimates the returns to insiders when they trade their company’s stock. We first construct a rolling "purchase portfolio" that holds all shares purchased by insiders for a six-month period, and an analogous "sale portfolio" that holds all ...
Andrew Metrick   +2 more
core  

The dog that did not bark: Insider trading and crashes [PDF]

open access: yes
This paper documents that at the individual stock level insiders sales peak many months before a large drop in the stock price, while insiders purchases peak only the month before a large jump.
Jacques Olivier, José M. Marín
core  

Pre-Bid Run-Ups Ahead of Canadian Takeovers: How Big Is the Problem? [PDF]

open access: yes
The authors study the price--volume dynamics ahead of the first public announcement of a takeover for 420 Canadian firms from 1985 to 2002. Pre-bid price run-ups in a target firm's shares may be caused by some combination of information leakage due to ...
Maksym Padalko, Michael R. King
core  

Strategic Insider Trading with Imperfect Information: A Trading Volume Analysis [PDF]

open access: yes
A model of insider trading is used to analyze the behaviour of trading volume in financial markets characterized by asymmetric information. This model extends the one in Bhattacharya and Nicodano (2001) by introducing competition among informed traders ...
Andrea Marcello Buffa
core  

Insider trading: regulation, risk reallocation, and welfare. [PDF]

open access: yes
I argue in this paper that the imposition of insider trading regulations on a securities market generates not on1y a reallocation of wealth from insiders to liquidity traders, but also a reallocation of risk from the former to the latter. I further argue
Estrada, Javier
core  

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