This thesis examines the association between insider trade behavior and participation within Rule 10b5-1 trade plans to provide evidence about how insiders respond to regulation that reduces litigation risk and how the Rule affects insiders informed trade profits. Rule 10b5-1 includes a safe...

Managers have the ability to time the disclosure of the non-cash component of earnings, which, is termed accrual information, to outside investors. They have the choice of disclosing accrual information at the earnings announcement or waiting until the filing date. This thesis examines whether...

In the first essay, we study the following question: If the provision of public good is financed by property (wealth or endowment) taxes,what is the optimal tax mechanism when agents have private information about his own endowment?Employing the state-dependent implementation model, under...