How insiders traded before rules
UK company insiders, such as directors, were legally allowed to trade in the shares of their own companies up until the Companies Act of 1980. This article investigates the trading behaviour of directors over the period 1890 to 1909 in the UK. It finds relatively few instances of directors who exploited their informational advantage. However when they did sell their own shares, it tended to be before a period of poor profitability and poor stock market performance.
Year of publication: |
2013
|
---|---|
Authors: | Braggion, Fabio ; Moore, Lyndon |
Published in: |
Business History. - Taylor & Francis Journals, ISSN 0007-6791. - Vol. 55.2013, 4, p. 565-584
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Dividend policies in an unregulated market : the London Stock Exchange 1895 - 1905
Braggion, Fabio, (2008)
-
The economic benefits of political connections in late Victorian Britain
Braggion, Fabio, (2011)
-
Dividend policies in an unregulated market : the London Stock Exchange, 1895 - 1905
Braggion, Fabio, (2011)
- More ...