In this paper, we employ a registry of legal insider trading for Dutch listed firms to investigate the information … insider trading is an important channel through which information flows to the market. We analyze also the impact of the … Netherlands. We show that the new regulation reduced the information content of sales by top executives. …

We consider whether traders are more likely to commit securities violations when trading at home, a new form of working … misconduct cases. Work at home is associated with fewer cases of trading misconduct, although no difference in communications … misconduct. The economic significance of working from home on trading misconduct is large for both the treatment and selection …

We study price efficiency and trading behavior in laboratory limit order markets with asymmetrically informed traders …. Markets differ in the number of insiders present and in the subset of traders who receive information about the number of … number ofinsiders, price efficiency increases gradually over time. (iv) The insiders' information is reflected in prices via …

insider trading cases in 22 stock exchanges around the world over the period January 2003 through June 2011. Using new indices … for market manipulation, insider trading, and broker-agency conflict based on the specific provisions of the trading rules …We examine the impact of stock exchange trading rules and surveillance on the frequency and severity of suspected …

We study the use of trading strategies and their profitability in experimental asset markets with asymmetrically … especially at the beginning of a period and when the change in their fundamental information is large. The average informed lose …

Fundamental information resembles in many respects a durable good. Hence, the effects of its incorporation into stock … information intertemporally competes against herself. This forces her to partially relinquish control over the information flow to … traders. Conversely, an insider solves the intertemporal competition problem through vertical integration, thus exerting …

We consider a multi-period rational expectations model in which risk-averse investors differ in their information on … expected utility than outsiders. Yet, information acquisition by one investor exerts a negative externality on other investors …. Thus, investors' average welfare is maximal when access to price information is rationed. We show that a market for price …

We consider a multi-period rational expectations model in which risk-averse investors differ in their information on … expected utility than outsiders. Yet, information acquisition by one investor exerts a negative externality on other investors …. Thus, investors' average welfare is maximal when access to price information is rationed. We show that a market for price …