Gao, George; Ma, Qingzhong; Ng, David - In: China Finance Review International 8 (2018) 4, pp. 354-386
Purpose: The purpose of this paper is to empirically examine whether corporate insiders extract information from activity of outsiders, specifically the short sellers. Design/methodology/approach: Using portfolio approach and Fama-MacBeth regressions, this study examines the relation between...