On the Ethics of “Non-Corporate” Insider Trading
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Business Ethics"
DOI: 10.1007/s10551-021-04739-x
Abstract: The ethical considerations of insider trading have been widely debated in the academic literature (see e.g., Moore in J Bus Ethics 9(3):171–182, 1990). In 2013, the STOCK Act, which was initially passed to mitigate insider… read more here.
Keywords: insider trading; non corporate; ethics non; insider ... See more keywords
Bank bailouts and corporate insider trading during the financial crisis of 2007–2009
Sign Up to like & getrecommendations! Published in 2019 at "Review of Quantitative Finance and Accounting"
DOI: 10.1007/s11156-018-0702-0
Abstract: Jagolinzer et al. (The information content of insider trades around government intervention during the financial crisis. Working paper, 2014) examine insider trading at banks that were bailed out by the U.S. taxpayers. They provide evidence… read more here.
Keywords: finance; insider; insider trading; financial crisis ... See more keywords
The effect of insider trading laws and enforcement on stock market transaction cost
Sign Up to like & getrecommendations! Published in 2020 at "Review of Quantitative Finance and Accounting"
DOI: 10.1007/s11156-020-00914-9
Abstract: Theoretical arguments suggest that as countries enact insider trading laws and complement them with enforcement, stock market information risk reduces and investor participation increases, and this will therefore have a negative effect on liquidity trading… read more here.
Keywords: insider trading; trading; market; cost ... See more keywords
Corporate insider trading and return skewness
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2019.07.008
Abstract: Corporate insider trades predict idiosyncratic return skewness. CEO purchases are followed by an increase and CEO sales by a decrease in idiosyncratic skewness. The evidence suggests that this effect is driven by personal preferences rather… read more here.
Keywords: corporate insider; insider trading; insider; return skewness ... See more keywords
Insider trading patterns
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2020.101654
Abstract: Abstract We revisit the information content of stock trading by corporate insiders with an expectation that opportunistic insiders will spread their trades over longer periods of time when they have a longer-lived informational advantage, and… read more here.
Keywords: insider trading; trading; trading patterns; finance ... See more keywords
Sell-side analyst heterogeneity and insider trading
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2020.101778
Abstract: Abstract This study explores insider trading patterns under different earnings surprises. After controlling for stock market liquidity and earnings announcements returns, we show that insiders sell more aggressively depending on the heterogeneity of analysts whose… read more here.
Keywords: insider trading; analyst; heterogeneity; trading ... See more keywords
Do an insider's wealth and income matter in the decision to engage in insider trading?
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Financial Economics"
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
Lux Industries Limited: a case of insider trading
Sign Up to like & getrecommendations! Published in 2023 at "Emerald Emerging Markets Case Studies"
DOI: 10.1108/eemcs-05-2022-0168
Abstract: Learning outcomes After reading the case, the students shall be able to explain the concept of insider trading and differentiate between illegal insider trading and legal insider trading, business ethics, financial institutions, financial markets and… read more here.
Keywords: industries limited; insider; insider trading; case ... See more keywords
Does insider trading pay?
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Financial Crime"
DOI: 10.1108/jfc-07-2018-0068
Abstract: Purpose This paper analyzes trading and tipping activities in insider trading litigation decided by federal courts from January 1, 2012 to December 31, 2014. Design/methodology/approach Legal documents from the US Securities and Exchange Commission, LexisNexis… read more here.
Keywords: defendant; methodology; trading pay; insider ... See more keywords
Identification of Insider Trading in the Securities Market Based on Multi-task Deep Neural Network
Sign Up to like & getrecommendations! Published in 2022 at "Computational Intelligence and Neuroscience"
DOI: 10.1155/2022/4874516
Abstract: Illegal insider trading identification is of great significance to the healthy development of the securities market. However, with the development of information technology, problems such as multidata sources and noise bring challenges to the insider… read more here.
Keywords: insider; trading identification; securities market; insider trading ... See more keywords
Insider Trading, Competition, and Real Activities Manipulation
Sign Up to like & getrecommendations! Published in 2021 at "Management Science"
DOI: 10.1287/mnsc.2020.3915
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... read more here.
Keywords: insider trading; real activities; competition real; trading competition ... See more keywords