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Criminal Insider Trading in Personal Networks

Heminway, Joan MacLeod - 2022

This Article describes and comments on criminal insider trading prosecutions brought over an eleven-year period. The core common element among these cases is that they all involve alleged tipper/tippee insider trading or misappropriation insider trading implicating information transfers between...

Persistent link: https://www.econbiz.de/10014240506

Information Asymmetry and Insider Trading

Wu, Wei - 2019

By exploiting the exogenous reductions of analyst coverage due to closures and mergers of brokerage firms, I examine the causal impact of information asymmetry on insider trading. I find that corporate insiders' abnormal returns increase sharply after coverage reductions. This effect is stronger...

Persistent link: https://www.econbiz.de/10012905213

Effects of Asymmetric Information on Market Timing in the Mutual Fund Industry

S. Tchamyou, Vanessa - 2018

to market risk exposure. Second, fund managers tend to raise (cutback) their risk exposure in time of high (low) market …

Persistent link: https://www.econbiz.de/10012924862

Credit Information Sharing and Stock Price Crash Risk : The Role of Information Asymmetry and Bank Regulations

Teeranutranont, Chanon - 2018

This paper attempts to investigate the impact of credit information sharing on bank-specific stock price crash risk. Using a sample of 1,402 listed-banks in 55 countries for the period 2005-2013, we show that credit information sharing through public credit registries is negatively associated...

Persistent link: https://www.econbiz.de/10012926760

Securities lending and information acquisition

Greppmair, Stefan; Jank, Stephan; Saffi, Pedro A. C.; … - 2024

, which allows fund managers to front-run public disclosure of big short positions and avoid future losses. Fund managers …

Persistent link: https://www.econbiz.de/10014501098

Effects of asymmetric information on market timing in the mutual fund industry

Tchamyou, Vanessa S.; Asongu, Simplice; Nwachukwu, … - 2018

to market risk exposure. Second, fund managers tend to raise (cutback) their risk exposure in time of high (low) market …

Persistent link: https://www.econbiz.de/10011817236

A Simple Multimarket Measure of Information Asymmetry

Johnson, Travis L. - 2018

We develop and implement a new measure of information asymmetry among traders. Our measure is based on the intuition that informed traders are more likely than uninformed traders to generate abnormal volume in options or stock markets. We formalize this intuition theoretically and compute the...

Persistent link: https://www.econbiz.de/10012938626

Securities Lending and Information Acquisition

Greppmair, Stefan - 2020

We show that mutual funds use information acquired by participating in the equity lending market to make portfolio allocation decisions. Using data from German mutual funds on their stock-level lending decisions, we find that funds lending shares are more likely to exit positions relative both...

Persistent link: https://www.econbiz.de/10012833591

Private Information behind Insider Trades : Evidence from Cross Section and Time Series

Chi, Yeguang - 2020

corporate managers and institutional investors, we find that the trades by these two types have different asset pricing … implications. Cross-sectionally, stocks more heavily bought by corporate managers have higher average returns compared to their … buy-to-sell ratio of corporate managers shows no predictive power …

Persistent link: https://www.econbiz.de/10012834521

Asymmetric Information Consolidation and Price Discovery : Inferring Bad News from Insider Sales

Karamanou, Irene - 2020

Due to the paucity of sources of negative firm-specific information, US capital markets have more difficulty identifying and incorporating bad news into stock prices than they do good news. Even though insider selling is a potentially important proxy for undisclosed bad news, researchers have...

Persistent link: https://www.econbiz.de/10012856869