Inci, A. Can; Lu, Biao; Seyhun, H. Nejat - In: Financial Management 39 (2010) 1, pp. 323-363
"Our evidence indicates that insiders' trades provide significant new information to market participants and they are incorporated more fully in stock prices as compared to noninsiders' trades. We find that market professionals do not front-run insiders' trades. Both insiders' purchases and...
