Every country with a developed security market has a legislation that prevents corporate insiders from trading in their own company's shares when they own private information.This research intends to establish if the insider trading phenomenon is really extraneous to the Italian stock market, as...

Every country with a developed security market considers market egalitarianism and equal access fundamental principles and, therefore, has a legislation which prevents corporate insiders from trading in their own company's shares when they own private information.This research intends to...

This paper wants to investigate the main motivations for Italian insiders to trade relevant stakes of their companies, specifically assuming that most transactions are driven by speculative intents. According to an information asymmetry hypothesis, insiders, having a superior information set,...

This paper investigates the determinants of regulatory compliance and its effect on informational efficiency. Exploiting a unique enforcement and reporting framework for corporate insider trading in Italy, we present three main findings. First, board governance, such as chief executive-chairman...