We examine whether the stronger information content of Chief Financial Officer (CFO) insider trading relative to that of Chief Executive Officers (CEOs) results from a different willingness to exploit the information asymmetry that exists between executives and outside shareholders (scrutiny...

Purpose: The purpose of this paper is to provide an insurance framework to address the challenge of managing default risk for lenders providing credit to small and micro businesses. Design/methodology/approach: A theoretical model is developed showing how mircrofinance lenders can better manage...

I examine the information asymmetry that exists between managers and shareholders. However, managers are not one homogeneous group. Information asymmetry may exist amongst managers as well. I test this hypothesis using the trades of different Executive Role Groups. I find that all managers do...

Aggregate demand by insiders predicts time-series variation in the value premium. Insider trading forecasts the value premium because insiders sell (buy) when markets - especially growth stocks - are overvalued (undervalued). This article suggests that investors can use signals from aggregate...

Aggregate demand by insiders predicts time-series variation in the value premium — between 1978 and 2004, a one standard deviation increase in aggregate insider demand in the previous six months forecasts a 53 basis point decline (6.54% annualized) in the expected value premium in the month...

Based on providing quicker, electronic feedback to enhance student learning, a natural experiment was used to assess the benefit of changing quizzes from in-class to online in the Principles of Finance course at a technological university in the Midwestern United States. Online homework and the...

We define the term FinTech, differentiating it from financial technology, and use the definition to develop an industry framework. FinTech is a technological innovation that promises a financial market a product or service characterized by sophisticated technology relative to existing technology...

Sustainable micro-finance depends on the appropriate management of credit risk. However, small and micro businesses (SMBs) tend to offer little information on their default probability, which poses serious challenges for their micro-finance needs. Given the tremendous socioeconomic impact of...

A master teaching approach was used during a session of introductory finance to provide high impact teaching practices for a large class of 190 freshman business students. To teach financial markets, an active-based learning approach was used, and the students participated in a simulated New...