Hillier, David; Korczak, Adriana; Korczak, Piotr - In: Journal of Corporate Finance 30 (2015) C, pp. 150-167
returns. We document that personal attributes explain up to a third of the variability in insider trading performance and … regulations in explaining insider trading performance and highlight the importance of controlling for individual fixed effects in … insider trading research to avoid omitted variable bias in estimated regression coefficients. …