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This manuscript develops a model of security market trading and uses binomial probabilities to examine insider trading behaviour. The informed trader is stylized as a corporate insider who possesses privileged information by virtue of his position. We assume insiders are risk averse and...
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Purpose: Because of our limited understanding of the incidence and effect of board busyness globally, the mixed evidence of the effect of board busyness obtained in the USA and the divergence of international patterns of director busyness from that observed in the USA, the author contends that...
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