Do an insider's wealth and income matter in the decision to engage in insider trading?
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DOI: 10.1016/j.jfineco.2018.06.005
Abstract: We explore why insiders engage in informed trading, given the surprisingly small average insider returns reported in the literature and the potential costs involved. We begin by proposing a model of an insider's decision to… read more here.
Keywords: insider trading; trading; engage insider; decision engage ... See more keywords