Zhu, Chafen; Wang, Li - In: China journal of accounting research : CJAR 8 (2015) 3, pp. 169-191
This study examines the effects of China’s 2008 trading ban regulation on the insider trading of large shareholders in … a financial report), due to high regulation risk. However, the ban only constrains the profitability of insider trades ….83 times more profitable than uninformed trading. The regulation has changed insider trading patterns, but has been ineffective …