Boardman, Anthony; Liu, Z. Stuart; Sarnat, Marshall; … - In: Applied Financial Economics 8 (1998) 5, pp. 519-531
The impact of tightening the regulation of illegal insider trading in the United States is analysed. It is argued that more effective regulation will reduce the price run-up in target companies prior to takeover announcements. By comparing stock price responses to takeover announcements during...
