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Insider Trading, Competition, and Real Activities Manipulation

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We consider a setting where managers manipulate the firms’ real activities in anticipation of insider trading opportunities. Managers choose strictly higher production quantities than the quantitie... Click to show full abstract

We consider a setting where managers manipulate the firms’ real activities in anticipation of insider trading opportunities. Managers choose strictly higher production quantities than the quantitie...

Keywords: insider trading; real activities; competition real; trading competition

Journal Title: Management Science
Year Published: 2021

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