Purpose–The purpose of this paper is to conduct an empirical analysis of the trading performance of US corporate insiders. Design/methodology/approach–Based on the volume weighted average price (VWAP), the authors propose a metric to measure the trading performance of US corporate insiders:...

Purpose–The purpose of this paper is to provide some rational perspectives for the flight-to-liquidity event rather than simply attributing it to the change in investor sentiment. Design/methodology/approach–The paper builds a model to highlight the inherent difference in investors'...

Purpose – The purpose of this paper is to conduct an empirical analysis of the trading performance of US corporate insiders. Design/methodology/approach – Based on the volume weighted average price (VWAP), the authors propose a metric to measure the trading performance of US corporate...

Purpose – The purpose of this paper is to provide some rational perspectives for the flight‐to‐liquidity event rather than simply attributing it to the change in investor sentiment. Design/methodology/approach – The paper builds a model to highlight the inherent difference in investors'...