Estrada, Javier; Peña, J.Ignacio - In: Studies in Economics and Finance 20 (2002) 1, pp. 12-34
Between 1988 and 1994 ten European countries introduced or modified their regulations on insider trading. We evaluate in this article the impact of such regulatory changes on the risk, return, and some other characteristics of these ten markets. After extensive testing, we find that the evidence...
