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Weather‐Induced Positive Sentiment and Insider Trading

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT Exploiting variations in sunshine exposure near insiders' locations, we find that weather‐induced positive sentiment leads to higher insider purchases, albeit with lower performance. Overoptimism induced by abnormally good weather serves as the underlying mechanism. The effect is more pronounced when insiders' purchase decisions are fuelled by
Douglas Cumming   +3 more
wiley   +1 more source

Yes, and …. [PDF]

open access: yesCMAJ
Villemure-Poliquin N.
europepmc   +1 more source

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