The Effectiveness of the Insider-Trading Sanctions
1992; University of Chicago Press; Volume: 35; Issue: 1 Linguagem: Inglês
10.1086/467248
ISSN1537-5285
Autores Tópico(s)Risk Management in Financial Firms
ResumoPrevious articleNext article No AccessThe Effectiveness of the Insider-Trading SanctionsH. Nejat SeyhunH. Nejat SeyhunPDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by The Journal of Law and Economics Volume 35, Number 1Apr., 1992 Sponsored by The University of Chicago Booth School of Business and The University of Chicago Law School Article DOIhttps://doi.org/10.1086/467248 Views: 98Total views on this site Citations: 212Citations are reported from Crossref Copyright 1992 The University of ChicagoPDF download Crossref reports the following articles citing this article:Eliezer M. Fich, Robert Parrino, Anh L. Tran When and how are rule 10b5-1 plans used for insider stock sales?, Journal of Financial Economics 149, no.11 (Jul 2023): 1–26.https://doi.org/10.1016/j.jfineco.2023.04.009Shenglan Chen, Hui Ma, Qiang Wu, Hao Zhang Does common ownership constrain managerial rent extraction? Evidence from insider trading profitability, Journal of Corporate Finance 80 (Jun 2023): 102389.https://doi.org/10.1016/j.jcorpfin.2023.102389Ibrahim Bostan, G. Mujtaba Mian Do insiders trade on innovation?, Journal of Contemporary Accounting & Economics 19, no.11 (Apr 2023): 100350.https://doi.org/10.1016/j.jcae.2022.100350Yen-Jung Lee Insiders’ Foreknowledge of Earnings Results and Rule 10b5-1 Sales Trades, Journal of Accounting, Auditing & Finance 38, no.11 (Oct 2020): 52–76.https://doi.org/10.1177/0148558X20964642Harold Contreras, Adriana Korczak, Piotr Korczak Religion and Insider Trading Profits, Journal of Banking & Finance 55 (Jan 2023): 106778.https://doi.org/10.1016/j.jbankfin.2023.106778Shuo Wang, Liyi Zheng Whose opinion matters when insiders disagree with short sellers?, Journal of Business Finance & Accounting 55 (Dec 2022).https://doi.org/10.1111/jbfa.12666Nathan C. Goldman, Naim Bugra Ozel Executive compensation, individual-level tax rates, and insider trading profits, Journal of Accounting and Economics 55 (Dec 2022): 101574.https://doi.org/10.1016/j.jacceco.2022.101574Gyungmin Pyo Insider Trading, Stock Volatility, and Market Liquidity in the Korean Capital Market, Studies in Business and Economics 17, no.33 (Jan 2023): 175–189.https://doi.org/10.2478/sbe-2022-0054Prasad Hegde, Shushu Liao, Rui Ma, Nhut H. Nguyen CEO Marital Status and Insider Trading, British Journal of Management 2 (Nov 2022).https://doi.org/10.1111/1467-8551.12673George P. Gao, Qingzhong Ma, David T. Ng, Ying Wu The Sound of Silence: What Do We Know When Insiders Do Not Trade?, Management Science 68, no.77 (Jul 2022): 4835–4857.https://doi.org/10.1287/mnsc.2021.4113Doojin Ryu, Heejin Yang, Jinyoung Yu Insider trading and information asymmetry: Evidence from the Korea Exchange, Emerging Markets Review 51 (Jun 2022): 100847.https://doi.org/10.1016/j.ememar.2021.100847Brendan Lambe, Zhiyong Li, Weiping Qin Uncertain times and the insider perspective, International Review of Financial Analysis 81 (May 2022): 102138.https://doi.org/10.1016/j.irfa.2022.102138Benjamin M. Blau, Todd G. Griffith, Ryan J. Whitby On the Ethics of “Non-Corporate” Insider Trading, Journal of Business Ethics 177, no.11 (Feb 2021): 79–93.https://doi.org/10.1007/s10551-021-04739-xG. Pyo Insider trading and informed trading patterns, Finance: Theory and Practice 26, no.11 (Feb 2022): 91–102.https://doi.org/10.26794/2587-5671-2022-26-1-91-102Partha Gangopadhyay, Ken Yook Profits to opportunistic insider trading before and after the Dodd-Frank act of 2010, Journal of Financial Regulation and Compliance 30, no.11 (Jul 2021): 43–59.https://doi.org/10.1108/JFRC-02-2021-0018Luke DeVault, Scott Cederburg, Kainan Wang Is “Not Trading” Informative? Evidence from Corporate Insiders’ Portfolios, Financial Analysts Journal 78, no.11 (Feb 2022): 79–100.https://doi.org/10.1080/0015198X.2021.1984825JIYOON LEE Information Asymmetry, Mispricing, and Security Issuance, The Journal of Finance 76, no.66 (Aug 2021): 3401–3446.https://doi.org/10.1111/jofi.13066Ozlem Akin, Nicholas S. Coleman, Christian Fons‐Rosen, José‐Luis Peydró Political connections and informed trading: Evidence from TARP, Financial Management 50, no.33 (Sep 2020): 619–644.https://doi.org/10.1111/fima.12292Douglas Cumming, Robert Dannhauser, Sofia Johan Reputational Effects of Noncompliance with Financial Market Regulations, (May 2021): 245–276.https://doi.org/10.1017/9781108759458.019Florian Eugster, Jenni Kallunki, Henrik Nilsson, Hanna Setterberg IQ and corporate insiders’ decisions to time insider and outsider trading, European Financial Management (Feb 2021).https://doi.org/10.1111/eufm.12302Patrick Ulrich, Dennis Anselmann Insider trading on the German capital market — Can insiders achieve excess returns through their information advantage?, (Jun 2021): 99–103.https://doi.org/10.22495/cgsetpt17Sureyya Burcu Avci Insider Trading Profitability in Turkey, SSRN Electronic Journal 3 (Jan 2021).https://doi.org/10.2139/ssrn.3896937Luke DeVault, Scott Cederburg, Kainan Wang Is ‘Not Trading’ Informative? Evidence from Corporate Insiders’ Portfolios, SSRN Electronic Journal 43 (Jan 2021).https://doi.org/10.2139/ssrn.3964861Prasad Hegde, Shushu Liao, Rui Ma, Nhut H. Nguyen Ethical Implications of Marriage - Evidence from CEO Insider Trading, SSRN Electronic Journal 93 (Jan 2021).https://doi.org/10.2139/ssrn.3991991Roger M. White Insider Trading: What Really Protects U.S. Investors?, Journal of Financial and Quantitative Analysis 55, no.44 (Apr 2019): 1305–1332.https://doi.org/10.1017/S0022109019000292Md Mosharraf Hossain, Richard Heaney, Jing Yu The information content of director trading: Evidence from acquisition announcements in Australia, Global Finance Journal 44 (May 2020): 100448.https://doi.org/10.1016/j.gfj.2018.09.001Beatriz Garcia Osma, Elvira Scarlat, Karin Shields Insider trading restrictions and earnings management, Accounting and Business Research 50, no.33 (Jan 2020): 205–237.https://doi.org/10.1080/00014788.2020.1712650Ozlem Akin, José M Marín, and José-Luis Peydró Anticipating the financial crisis: evidence from insider trading in banks, Economic Policy 35, no.102102 (Nov 2020): 213–267.https://doi.org/10.1093/epolic/eiaa012Nicholas Hallman, Andrew J. Imdieke, Kyonghee Kim, Raynolde Pereira On the Relation between Insider Trading and Going Concern Opinions, AUDITING: A Journal of Practice & Theory 39, no.11 (Mar 2020): 43–70.https://doi.org/10.2308/ajpt-52592Julia Grimberg, Tim A. Herberger Industry effects in directors’ dealings and abnormal stock returns: Results from the German stock market, Corporate Ownership and Control 18, no.1, Special Issue1, Special Issue (Nov 2020): 310–330.https://doi.org/10.22495/cocv18i1siart7Nathan C. Goldman, N. Bugra Ozel Executive Compensation, Individual-Level Tax Rates, and Insider Trading Profits, SSRN Electronic Journal 55 (Jan 2020).https://doi.org/10.2139/ssrn.3670969Jacob Raleigh The Deterrent Effect of Whistleblowing on Insider Trading, SSRN Electronic Journal 55 (Jan 2020).https://doi.org/10.2139/ssrn.3672026Robert Faff, Shyaam Prasadh, Syed Shams Merger and acquisition research in the Asia-Pacific region: A review of the evidence and future directions, Research in International Business and Finance 50 (Dec 2019): 267–278.https://doi.org/10.1016/j.ribaf.2019.06.002Jing Lin, Leng Ling, Mingshan Zhou Unobserved ties between corporate executives and mutual fund managers, Accounting & Finance 59, no.55 (Sep 2019): 2961–2991.https://doi.org/10.1111/acfi.12542Fabian Maximilian Johannes Teichmann Insider trading – unsolved issues, Journal of Financial Crime 26, no.33 (Jul 2019): 786–792.https://doi.org/10.1108/JFC-08-2018-0079Aneta Spaic, Claire Angelique Nolasco, Lily Chi-Fang Tsai, Michael S. Vaughn Does insider trading pay?, Journal of Financial Crime 26, no.22 (Apr 2019): 647–664.https://doi.org/10.1108/JFC-07-2018-0068Claire Yurong Hong, Frank Weikai Li , Journal of Financial and Quantitative Analysis 54, no.44 ( 2019): 1499.https://doi.org/10.1017/S0022109018001059Roger M. White Insider Trading: What Really Protects U.S. Investors?, SSRN Electronic Journal (Jan 2019).https://doi.org/10.2139/ssrn.3320583Binay Kumar Adhikari, Anup Agrawal, Bina Sharma Does Litigation Risk Deter Insider Trading? Evidence from Universal Demand Laws, SSRN Electronic Journal 55 (Jan 2019).https://doi.org/10.2139/ssrn.3404720Harold Contreras, Adriana Korczak, Piotr Korczak How Do Social Norms Affect Financial Decisions? Religion and Insider Trading Profits, SSRN Electronic Journal 55 (Jan 2019).https://doi.org/10.2139/ssrn.3433059Messod Daniel Beneish, Garen Markarian A Theory of Insider Purchases, SSRN Electronic Journal 55 (Jan 2019).https://doi.org/10.2139/ssrn.3478344Meng Gao Get the Money Somehow: The Effect of Missing Performance Goals on Insider Trading, SSRN Electronic Journal 43 (Jan 2019).https://doi.org/10.2139/ssrn.3495199Han Ching Huang, Pei-Shan Tung The effects of liquidity trading on insider trade timing when an underlying option is present, Managerial Finance 44, no.1010 (Oct 2018): 1250–1270.https://doi.org/10.1108/MF-02-2018-0084Jenni Kallunki, Juha-Pekka Kallunki, Henrik Nilsson, Mikko Puhakka Do an insider's wealth and income matter in the decision to engage in insider trading?, Journal of Financial Economics 130, no.11 (Oct 2018): 135–165.https://doi.org/10.1016/j.jfineco.2018.06.005Florian Hauser, Klaus Schredelseker Who benefits from insider regulation?, The Quarterly Review of Economics and Finance 68 (May 2018): 203–210.https://doi.org/10.1016/j.qref.2017.08.004Serkan Karadas Family ties and informed trading: evidence from Capitol Hill, Journal of Economics and Finance 42, no.22 (Feb 2017): 211–248.https://doi.org/10.1007/s12197-017-9384-zMohammed Iqbal, Shijin Santhakumar Information asymmetry and insider trade profitability in India, Journal of Indian Business Research 10, no.11 (Mar 2018): 53–69.https://doi.org/10.1108/JIBR-05-2017-0059Malek El Diri Motives of Earnings Management, (Aug 2017): 63–108.https://doi.org/10.1007/978-3-319-62686-4_4Bartosz Gębka, Adriana Korczak, Piotr Korczak, Jędrzej Traczykowski Profitability of insider trading in Europe: A performance evaluation approach, Journal of Empirical Finance 44 (Dec 2017): 66–90.https://doi.org/10.1016/j.jempfin.2017.08.001Semih Tartaroglu, Michael Imhof Insider trading and response to earnings announcements: the impact of accelerated disclosure requirements, Review of Quantitative Finance and Accounting 49, no.22 (Jul 2016): 315–336.https://doi.org/10.1007/s11156-016-0592-yA. Can Inci, M. P. Narayanan, H. Nejat Seyhun Gender Differences in Executives’ Access to Information, Journal of Financial and Quantitative Analysis 52, no.33 (May 2017): 991–1016.https://doi.org/10.1017/S0022109017000266L.A. Smales, Matthius Thul A game theory model of regulatory response to insider trading, Applied Economics Letters 24, no.77 (Jun 2016): 448–455.https://doi.org/10.1080/13504851.2016.1200179Aydin Ozkan, Jannine Poletti-Hughes, Agnieszka Trzeciakiewicz Directors’ share dealings and corporate insolvencies: evidence from the UK, The European Journal of Finance 23, no.55 (May 2015): 427–455.https://doi.org/10.1080/1351847X.2015.1040168Xuesong Hu, Xin Wang, Baohua Xin Insider Trading: Does Being a Neighbor of the Securities and Exchange Commission Matter?, Managerial and Decision Economics 38, no.22 (Aug 2015): 144–165.https://doi.org/10.1002/mde.2749Söhnke M. Bartram Corporate Postretirement Benefit Plans and Real Investment, Management Science 63, no.22 (Feb 2017): 355–383.https://doi.org/10.1287/mnsc.2015.2307Frederick Davis, Behzad Taghipour, Thomas J. Walker Insider trading surrounding securities class action litigation and settlement announcements, Managerial Finance 43, no.11 (Jan 2017): 124–140.https://doi.org/10.1108/MF-05-2016-0129Beatriz Garcia Osma, Elvira Scarlat Insider Trading Restrictions and Earnings Management, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.2943880Sumi Jung, Jonathan Nam, Susan Shu Shareholder Litigation and Insider Trading: Evidence from Derivative Lawsuits, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.3109369Viktoria Dalko, Michael H. Wang Why is insider trading law ineffective? Three antitrust suggestions, Studies in Economics and Finance 33, no.44 (Oct 2016): 704–715.https://doi.org/10.1108/SEF-03-2016-0074Brendan John Lambe The efficacy of market abuse regulation in the UK, Journal of Financial Regulation and Compliance 24, no.33 (Jul 2016): 248–267.https://doi.org/10.1108/JFRC-06-2015-0029May Hu, Chi-Chur Chao, Jin Hao Lim Another explanation of the mutual fund fee puzzle, International Review of Economics & Finance 42 (Mar 2016): 134–152.https://doi.org/10.1016/j.iref.2015.11.002Ozlem Akin, Jose M. Marin Anticipating the Financial Crisis: Evidence from Insider Trading in Banks, SSRN Electronic Journal (Jan 2016).https://doi.org/10.2139/ssrn.2779048Artur Hugon, Yen-Jung Lee SEC Rule 10b5-1 Plans and Strategic Trade around Earnings Announcements, SSRN Electronic Journal (Jan 2016).https://doi.org/10.2139/ssrn.2880878Ozlem Akin, Nicholas S. Coleman, Christian Fons-Rosen Political Connections: Evidence from Insider Trading Around TARP, SSRN Electronic Journal (Jan 2016).https://doi.org/10.2139/ssrn.2885454 Bibliography, (Oct 2015): 277–314.https://doi.org/10.1002/9781119202714.biblioDouglas Cumming, Robert Dannhauser, Sofia Johan Financial market misconduct and agency conflicts: A synthesis and future directions, Journal of Corporate Finance 34 (Oct 2015): 150–168.https://doi.org/10.1016/j.jcorpfin.2015.07.016Robert Bricker, Garen Markarian Institutional Investors and Insider Trading Profitability, European Accounting Review 24, no.33 (Jul 2015): 495–518.https://doi.org/10.1080/09638180.2015.1040045George-Levi Gayle, Robert A. Miller Identifying and Testing Models of Managerial Compensation, The Review of Economic Studies 82, no.33 (Jan 2015): 1074–1118.https://doi.org/10.1093/restud/rdv004Umut Ordu, Denis Schweizer Executive compensation and informed trading in acquiring firms around merger announcements, Journal of Banking & Finance 55 (Jun 2015): 260–280.https://doi.org/10.1016/j.jbankfin.2015.02.013David Solomon and Eugene Soltes What Are We Meeting For? The Consequences of Private Meetings with Investors, The Journal of Law and Economics 58, no.22 (Jan 2016): 325–355.https://doi.org/10.1086/684038Eliezer M. Fich, Robert Parrino, Anh L. Tran Timing Stock Trades for Personal Gain: Private Information and Sales of Shares by CEOs, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2579047Claire Yurong Hong, Frank Weikai Li The Information Content of Insider Sudden Silence, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2701254Michael C. I. Nwogugu MN-TU and Regret-Minimization Regimes, Willingness-To-Comply and the Effectiveness of Legal Processes for Climate Finance and Complex Corporate Instruments: Alternative Risk Premia, SSRN Electronic Journal 2 (Jan 2015).https://doi.org/10.2139/ssrn.2375033Inmoo Lee, Michael Lemmon, Yan Li, John M. Sequeira Do voluntary corporate restrictions on insider trading eliminate informed insider trading?, Journal of Corporate Finance 29 (Dec 2014): 158–178.https://doi.org/10.1016/j.jcorpfin.2014.07.005Utpal Bhattacharya Insider Trading Controversies: A Literature Review*, Annual Review of Financial Economics 6, no.11 (Dec 2014): 385–403.https://doi.org/10.1146/annurev-financial-110613-034422Raffi Indjejikian, Hai Lu, Liyan Yang Rational Information Leakage, Management Science 60, no.1111 (Nov 2014): 2762–2775.https://doi.org/10.1287/mnsc.2014.1975Benjamin M. Blau, Philip L. Tew Short sales and class-action lawsuits, Journal of Financial Markets 20 (Sep 2014): 79–100.https://doi.org/10.1016/j.finmar.2014.04.002Edward X. Li, Charles E. Wasley, Jerold L. Zimmerman The Disclose or Abstain Incentive to Issue Management Guidance, SSRN Electronic Journal (Jan 2014).https://doi.org/10.2139/ssrn.2437970Semih Tartaroglu, Michael J. Imhof Insider Trading and Response to Earnings Announcements: The Impact of Accelerated Disclosure Requirements, SSRN Electronic Journal (Jan 2014).https://doi.org/10.2139/ssrn.2496788Michael G. Faure, Claire Leger Towards a Harmonization of Insider Trading Criminal Law at EU Level?, SSRN Electronic Journal (Jan 2014).https://doi.org/10.2139/ssrn.2543964Edward J. Podolski, Cameron Truong, Madhu Veeraraghavan Informed options trading prior to takeovers – Does the regulatory environment matter?, Journal of International Financial Markets, Institutions and Money 27 (Dec 2013): 286–305.https://doi.org/10.1016/j.intfin.2013.09.001Jacco L. Wielhouwer When is public enforcement of insider trading regulations effective?, International Review of Law and Economics 34 (Jun 2013): 52–60.https://doi.org/10.1016/j.irle.2012.12.001Alex Frino, Stephen Satchell, Brad Wong, Hui Zheng How much does an Illegal Insider Trade?, International Review of Finance 13, no.22 (Feb 2013): 241–263.https://doi.org/10.1111/irfi.12006Jongmoo Jay Choi, Kevin C. K. Lam, Heibatollah Sami, Haiyan Zhou Foreign Ownership and Information Asymmetry, Asia-Pacific Journal of Financial Studies 42, no.22 (Apr 2013): 141–166.https://doi.org/10.1111/ajfs.12010Igor Goncharov, Allan Hodgson, Suntharee Lhaopadchan, Sonia Sanabria Asymmetric trading by insiders - comparing abnormal returns and earnings prediction in Spain and Australia, Accounting & Finance 53, no.11 (Dec 2011): 163–184.https://doi.org/10.1111/j.1467-629X.2011.00461.xChen Chen, Xiumin Martin, Xin Wang Insider Trading, Litigation Concerns, and Auditor Going-Concern Opinions, The Accounting Review 88, no.22 (Oct 2012): 365–393.https://doi.org/10.2308/accr-50347Umut Ordu, Denis Schweizer Executive Compensation and Informed Trading in Acquiring Firms Around Merger Announcements, SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2199565Bill M. Kiwia Insider Trading and Credit Rating: Evidence from the US., SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2247856Utpal Bhattacharya Insider Trading Controversies: A Literature Review, SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2340518Pornanong Budsaratragoon, David Hillier, Suntharee Lhaopadchan Applying developed-country regulation in emerging markets: an analysis of Thai insider trading, Accounting & Finance 52, no.44 (Jan 2012): 1013–1039.https://doi.org/10.1111/j.1467-629X.2011.00465.xEleftherios Thalassinos, Dimitrios Maditinos, Athanasios Paschalidis Observing evidence of insider trading in the Athens Stock Exchange, Journal of Economic Structures 1, no.11 (Dec 2012).https://doi.org/10.1186/2193-2409-1-8Feng Gu, John Q. Li Insider Trading and Corporate Information Transparency, Financial Review 47, no.44 (Sep 2012): 645–664.https://doi.org/10.1111/j.1540-6288.2012.00345.xZahn Bozanic, Mark W. Dirsmith, Steven Huddart The social constitution of regulation: The endogenization of insider trading laws, Accounting, Organizations and Society 37, no.77 (Oct 2012): 461–481.https://doi.org/10.1016/j.aos.2012.06.003Anup Agrawal, Tareque Nasser Insider trading in takeover targets, Journal of Corporate Finance 18, no.33 (Jun 2012): 598–625.https://doi.org/10.1016/j.jcorpfin.2012.02.006Joseph K. Tanimura, Eric W. Wehrly THE EFFECTS OF INSIDER TRADING RESTRICTIONS: EVIDENCE FROM HISTORICAL DIVIDEND INITIATIONS AND OMISSIONS, Journal of Financial Research 35, no.11 (Mar 2012): 1–28.https://doi.org/10.1111/j.1475-6803.2011.01307.xA. Can Inci Insider trading activity, tenure length, and managerial compensation, Global Finance Journal 23, no.33 (Jan 2012): 151–166.https://doi.org/10.1016/j.gfj.2012.10.002J. Carr Bettis, John M. Bizjak, Swaminathan L. Kalpathy Why Do Insiders Hedge Their Ownership? An Empirical Examination, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.1364810Edward X. Li, Charles E. Wasley, Jerold L. Zimmerman Should Management Earnings Guidance be Pooled? Classifying Management Earnings Guidance into Capital Market, Opportunistic, and Disclose or Abstain Rationales: Implications for Research, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.1978968George Gao, Qingzhong Ma The Sound of Silence: What Do We Know When Insiders Do Not Trade?, SSRN Electronic Journal 39 (Jan 2012).https://doi.org/10.2139/ssrn.2167998Yogesh Kumar Chauhan, Kiran Kumar Kotha, Vijaya B. Marisetty Market Imperfections and Regulatory Intervention: The Case of Insider Trading Regulation in the Indian Stock, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.2258280Brendan Lambe IS INSIDER TRADING REGULATION EFFECTIVE? EVIDENCE FROM UK TAKEOVER ACTIVITY, Journal of Governance and Regulation 1, no.22 (Jan 2012).https://doi.org/10.22495/jgr_v1_i2_p2Keunkwan Ryu, Jihye Yoo Relationship between management ownership and firm value among the business group affiliated firms in Korea, Journal of Comparative Economics 39, no.44 (Dec 2011): 557–576.https://doi.org/10.1016/j.jce.2011.05.002Mariassunta Giannetti Serial CEO incentives and the structure of managerial contracts, Journal of Financial Intermediation 20, no.44 (Oct 2011): 633–662.https://doi.org/10.1016/j.jfi.2011.04.003Juan Wang Transient institutional investors and insider trading signals, International Journal of Accounting & Information Management 19, no.22 (Jun 2011): 118–145.https://doi.org/10.1108/18347641111136436Rohini Mahajan, Balwinder Singh Impact of Lock-in Period Expiration on Share Prices and Volume: An Empirical Study, Management and Labour Studies 36, no.22 (May 2011): 155–174.https://doi.org/10.1177/0258042X1103600203Edward J. Podolski, Cameron Truong, Madhu Veeraraghavan Option Prices, Takeover Announcements, and Stock Returns, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1737162Bart Frijns, Aaron B. Gilbert, Alireza Tourani Rad Do Criminal Sanctions Deter Insider Trading?, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1785873Sonia Sanabria, Igor Goncharov, Allan C. Hodgson, Suntharee Lhaopadchan Information Asymmetry and the Comparative Level of Accounting Accruals, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1878088Rajiv D. Banker, Dmitri Byzalov, Chunwei Xian Executive Compensation and Research & Development Intensity, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1910134Raffi J. Indjejikian, Hai Lu, Liyan Yang Rational Information Leakage, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1915649Se-Jin Min Can Sanctions Reduce Insider Trading? The Experience of the USA in the 1980s, Asia-Pacific Journal of Financial Studies 39, no.44 (Jul 2010): 417–444.https://doi.org/10.1111/j.2041-6156.2010.01018.xJongmoo Jay Choi, Heibatollah Sami, Haiyan Zhou The Impacts of State Ownership on Information Asymmetry: Evidence from an Emerging Market, China Journal of Accounting Research 3 (Jun 2010): 13–50.https://doi.org/10.1016/S1755-3091(13)60018-0Adriana Korczak, Piotr Korczak, Meziane Lasfer To Trade or Not to Trade: The Strategic Trading of Insiders around News Announcements, Journal of Business Finance & Accounting 37, no.3-43-4 (Mar 2010): 369–407.https://doi.org/10.1111/j.1468-5957.2010.02185.xVolker Laux On the benefits of allowing CEOs to time their stock option exercises, The RAND Journal of Economics 41, no.11 (Mar 2010): 118–138.https://doi.org/10.1111/j.1756-2171.2009.00092.xMichaël Dewally, Sarah W. Peck Upheaval in the boardroom: Outside director public resignations, motivations, and consequences, Journal of Corporate Finance 16, no.11 (Feb 2010): 38–52.https://doi.org/10.1016/j.jcorpfin.2009.02.002Esther B. del Brío, Alberto de Miguel, José E. Tobar, Eleuterio Vallelado Efectos de la regulación bursátil sobre la eficiencia de los mercados de valores. Comparación entre España y Reino Unido, Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad 39, no.146146 (Jan 2010): 321–348.https://doi.org/10.1080/02102412.2010.10779684Alex Frino, Stephen E. Satchell, Brad Wong, Hui Zheng How Much Does an Illegal Insider Trade?, SSRN Electronic Journal (Jan 2010).https://doi.org/10.2139/ssrn.1567764Mariassunta Giannetti Serial CEO Incentives and the Structure of Managerial Contracts, SSRN Electronic Journal (Jan 2010).https://doi.org/10.2139/ssrn.889040 민세진 Insider Trading Sanctions in the 1980s in the US: An Economic Perspective of Facts and Background, Productivity Review 23, no.44 (Dec 2009): 177–197.https://doi.org/10.15843/kpapr.23.4.200912.177Malcolm Baker Capital Market-Driven Corporate Finance, Annual Review of Financial Economics 1, no.11 (Dec 2009): 181–205.https://doi.org/10.1146/annurev.financial.050808.114245G.-L. Gayle, R. A. Miller Insider Information and Performance Pay, CESifo Economic Studies 55, no.3-43-4 (May 2009): 515–541.https://doi.org/10.1093/cesifo/ifp010Juha-Pekka Kallunki, Henrik Nilsson, Janne Peltoniemi Regulated and unregulated insider trading around earnings announcements, European Journal of Law and Economics 27, no.33 (Dec 2008): 285–308.https://doi.org/10.1007/s10657-008-9089-zJonathan Stanley, F. Todd De Zoort, Gary Taylor The association between insider trading surrounding going concern audit opinions and future bankruptcy, Managerial Auditing Journal 24, no.33 (Mar 2009): 290–312.https://doi.org/10.1108/02686900910941159Joel S. Sternberg, H. Doug Witte Information‐based early exercise of US employee stock options, Studies in Economics and Finance 26, no.11 (Mar 2009): 4–23.https://doi.org/10.1108/10867370910946298Alan D. Jagolinzer SEC Rule 10b5-1 and Insiders' Strategic Trade, Management Science 55, no.22 (Feb 2009): 224–239.https://doi.org/10.1287/mnsc.1080.0928Iain Clacher, David Hillier, Sunthare Lhaopadchan Corporate insider trading: A literature review, Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad 38, no.143143 (Jan 2009): 373–397.https://doi.org/10.1080/02102412.2009.10779670Sreedhar T. Bharath, M. P. Narayanan, H. Nejat Seyhun Are Women Executives Disadvantaged?, SSRN Electronic Journal (Jan 2009).https://doi.org/10.2139/ssrn.1276064Malcolm P. Baker Market-Driven Corporate Finance, SSRN Electronic Journal (Jan 2009).https://doi.org/10.2139/ssrn.1331567Aaron Gilbert, Alireza Tourani-Rad The Impact of Regulations on the Informational Basis of Insider Trading, Australian Journal of Management 33, no.22 (Dec 2008): 407–435.https://doi.org/10.1177/031289620803300210Björn M. Dymke, Andreas Walter Insider Trading in Germany — Do Corporate Insiders Exploit Inside Information?, Business Research 1, no.22 (Mar 2014): 188–205.https://doi.org/10.1007/BF03343533Elisabeth Dedman, Elisabeth Dedman, Igor Filatotchev Corporate governance research: a contingency framework, International Journal of Managerial Finance 4, no.44 (Sep 2008): 248–258.https://doi.org/10.1108/17439130810902778 Front Matter, (Mar 2010).https://doi.org/10.1201/9781420074031.fmattHongming Cheng Insider trading in China: the case for the Chinese Securities Regulatory Commission, Journal of Financial Crime 15, no.22 (May 2008): 165–178.https://doi.org/10.1108/13590790810866881PHILIPPE GRÉGOIRE INSIDER TRADING AND VOLUNTARY DISCLOSURE, International Journal of Theoretical and Applied Finance 11, no.0202 (Mar 2008): 143–162.https://doi.org/10.1142/S0219024908004750Philippe Grégoire, Hui Huang Informed trading, noise trading and the cost of equity, International Review of Economics & Finance 17, no.11 (Jan 2008): 13–32.https://doi.org/10.1016/j.iref.2005.12.003Tareque Nasser, Benton E. Gup Insider Trading and Large Chapter II Bankruptcies: 1995–2006, (Jan 2008): 181–210.https://doi.org/10.1057/9780230617148_8Jin Xu New Evidence on the Effects of the Insider Trading Sanctions Act of 1984, SSRN Electronic Journal (Jan 2008).https://doi.org/10.2139/ssrn.1100641Peter-Jan Engelen Structural Problems in the Design of Market Abuse Regulations in the EU, Journal of Interdisciplinary Economics 19, no.11 (Nov 2016): 57–82.https://doi.org/10.1177/02601079X07001900105Aaron Gilbert, Alireza Tourani-Rad, Tomasz Piotr Wisniewski Insiders and the law: The impact of regulatory change on insider trading, Management International Review 47, no.55 (Sep 2007): 745–766.https://doi.org/10.1007/s11575-007-0043-zFENG GU, JOHN Q. LI The Credibility of Voluntary Disclosure and Insider Stock Transactions, Journal of Accounting Research 45, no.44 (Sep 2007): 771–810.https://doi.org/10.1111/j.1475-679X.2007.00250.xSteven J. Huddart, Bin Ke Information Asymmetry and Cross-sectional Variation in Insider Trading*, Contemporary Accounting Research 24, no.11 (Jan 2010): 195–232.https://doi.org/10.1506/0277-1110-4434-M627Weihong Song Does Overvaluation Lead to Bad Mergers?, SSRN Electronic Journal (Jan 2007).https://doi.org/10.2139/ssrn.686507Volker Laux On the Benefits of Allowing CEOs to Time Their Stock Option Exercises, SSRN Electronic Journal (Jan 2007).https://doi.org/10.2139/ssrn.939886Joshua Ronen, Joseph Tzur, Varda (Lewinstein) Yaari Legal insider trading, CEO’s incentives, and quality of earnings, Corporate Ownership and Control 4, no.33 (Jan 2007): 210–219.https://doi.org/10.22495/cocv4i3c1p4Allan Hodgson, Bart Van Praag Information trading by corporate insiders based on accounting accruals: forecasting economic performance, Accounting & Finance 46, no.55 (Nov 2006): 819–842.https://doi.org/10.1111/j.1467-629X.2006.00206.xOlaf Stotz Germany's New Insider Law: The Empirical Evidence after the First Year, German Economic Review 7, no.44 (Nov 2006): 449–462.https://doi.org/10.1111/j.1468-0475.2006.00129.xMARIASSUNTA GIANNETTI, ANDREI SIMONOV Which Investors Fear Expropriation? Evidence from Investors' Portfolio Choices, The Journal of Finance 61, no.33 (May 2006): 1507–1547.https://doi.org/10.1111/j.1540-6261.2006.00879.xSreedhar T. Bharath, Paolo Pasquariello, Guojun Wu Does Asym
Referência(s)