This paper examines the impact of insider trading on the completed and canceled private equity offerings. We find that insider trading has no impact on firms' decisions to complete or cancel the offerings, but it has a positive impact on the long-run stock performance of the issuing firms. Firms...

In this study, we take advantage of the unique features of the Taiwan stock market, where short selling is forbidden within the first six months following an IPO. We examine the effects of short selling on IPO price efficiency and the relation between short selling activities and the fundamental...