Bhattacharya, Utpal; Daouk, Hazem - In: Journal of Finance 57 (2002) 1, pp. 75-108
The existence and the enforcement of insider trading laws in stock markets is a phenomenon of the 1990s. A study of the 103 countries that have stock markets reveals that insider trading laws exist in 87 of them, but enforcement-as evidenced by prosecutions-has taken place in only 38 of them....
