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Insider trading in supervised industries

Reeb, David M.; Zhang, Yuzhao; Zhao, Wanli - In: The journal of law & economics 57 (2014) 3, pp. 529-559

Persistent link: https://www.econbiz.de/10010480433

Stock prices and the supply of information

Brennan, Michael J. - In: The journal of finance : the journal of the American … 46 (1991) 5, pp. 1665-1691

Persistent link: https://www.econbiz.de/10001115526

Asymmetric effects of informed trading on the cost of equity capital

Brennan, Michael J.; Huh, Sahn-Wook; Subrahmanyam, Avanidhar - In: Management science : journal of the Institute for … 62 (2016) 9, pp. 2460-2480

Persistent link: https://www.econbiz.de/10011577121

High-frequency measures of informed trading and corporate announcements

Brennan, Michael J.; Huh, Sahn-Wook; Subrahmanyam, Avanidhar - In: The review of financial studies 31 (2018) 6, pp. 2326-2376

Persistent link: https://www.econbiz.de/10011926626

High-Frequency Measures of Informed Trading and Corporate Announcements

Brennan, Michael J. - 2017

We study informed trading around announcements of merger bids (M&AD) and quarterly earnings (EAD). Extending the EKOP (1996) approach, we compute the daily posterior probabilities of informed trading on good and bad news. We find evidence of informed trading before and after M&AD and EAD. A...

Persistent link: https://www.econbiz.de/10012972038