Cheng, Louis T.W.; Davidson III, Wallace N.; Leung, T.Y. - In: International Review of Economics & Finance 20 (2011) 3, pp. 421-429
The literature shows that insider trading activities and dividends contain information content and serve as signals to firm value. If insider return is a proxy for information asymmetry, we should expect a positive relation between dividends and insider returns. Using a sample of unambiguous...