The short-swing profit rule is a federal statute that requires insiders to forfeit any trading profit earned from a … equilibrium framework, I demonstrate that the rule tends to reduce both the amount of insider trading and the amount of profit …

-month threshold set by the short-swing profit recovery rule to construct a new measure of intentions, which predicts both …

factors are linked with the level of insider profits which can explain why the profitability of insider trading differs …

presentation attenuates the profitability of insiders' trades. We provide unique insights on how insiders profit from publicly …

We develop a firm valuation model with repeated expansion and contraction options to show operating profitability is a … as profitability falls, lowering the firm beta. Consistent with the predictions, operating profitability relates … losers with diverging operating profitability. Corroborating a risk-based explanation, the momentum results remain …

enhanced in a way that not only survives common risk adjustments but also maintains profitability after trading costs. For our …

This study shows that the recent trajectory of a firm's profits predicts future profitability and stock returns. The … predictive information contained in the trend of profitability is not subsumed by the level of profitability, earnings momentum …, or other well-known determinants of stock returns. The profit trend also predicts the earnings surprise one quarter later …

This paper examines the profitability of momentum strategies within the Malaysian stock market. Its also investigates …

profitability of the strategies has significantly decreased recently, driven particularly by the disappearance of value and reversal …