Anderson, Ronald C.; Reeb, David M.; Zhang, Yuzhao; … - In: Journal of Banking & Finance 37 (2013) 11, pp. 4337-4352
A substantive body of equity-market academic research documents an extensive range of costs arising from the SEC’s October 2000 adoption of strictures on selective disclosure and insider trading; suggesting an unusual outcome, specifically, an increase in informed trading. We investigate the...