GEYT, D. VAN; CAUWENBERGE, P. VAN; BAUWHEDE, H. VANDER - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2011
The 2007 global financial crisis led to a chaotic financial environment characterized by highly uncertain and volatile stock markets. This created additional uncertainty about the fundamental value of shares and potentially increased the benefit of inside information. In this paper, we use event...