In this paper, we employ a registry of legal insider trading for Dutch listed firms to investigate the information content of trades by corporate insiders. Using a standard event-study methodology, we examine short-term stock price behavior around trades. We find that purchases are followed by...

In this paper, we employ a registry of legal insider trading for Dutch listed firms to investigate the information content of trades by corporate insiders. Using a standard event-study methodology, we examine short-term stock price behavior around trades. We find that purchases are followed by...

Dieser Beitrag liefert für die aktuelle wissenschaftliche und politische Regulierungsde-batte der Kapitalmärkte drei Argumente: (1) Der Beitrag präsentiert zuerst einen konzep-tionellen Ansatz, der zwischen sozial erwünschten und sozial schädlichen Folgen des In-siderhandels differenziert....

When it comes to banks, disclosure – as a means towards market discipline – can be considered from the standpoint of both Basel's Pillar 3 and (in case of listed banks) the Market Abuse Regulation. Especially in the latter context, it is controversial whether the specific layer of...

This article reviews the literature on insider trading by SEC employees and discusses ethical issues. It also provides links to more than 20 insider trading articles. Recent research has indicated that some employees of the Securities and Exchange Commission might have engaged in insider...

In this paper, we employ a registry of legal insider trading for Dutch listed firms to investigate the information content of trades by corporate insiders. Using a standard event-study methodology, we examine short-term stock price behavior around trades. We find that purchases are followed by...

This paper is the introductory chapter to Insider Trading (Oxford University Press 3d ed. 2010). This treatise analyzes the application of various laws to stock market insider trading and tipping. Among the federal laws are Exchange Act section 10(b), SEC Rule 10b-5, mail/wire fraud, SEC Rule...

The development of the Brazilian stock market has raised concerns about the practice of insider information, with several cases being documented in recent years. We hypothesize that insider trading is a form of corruption. As such, the higher the corruption level in a country, the more intense...

In this paper, we employ a registry of legal insider trading for Dutch listed firms to investigate the information content of trades by corporate insiders. Using a standard event-study methodology, we examine short-term stock price behavior around trades. We find that purchases are followed by...