Firth, Michael; Leung, T.Y.; Rui, Oliver M. - In: Journal of International Financial Markets, … 20 (2010) 4, pp. 376-388
We examine directors' dealing activity around share repurchasing periods in Hong Kong. There are significant insider trading activities before the share repurchasing period. Consistent with the signaling hypothesis, the directors' purchase activities during the share repurchase period are...