The Kamay and Hill insider trading conviction in Australia highlights many of the issues and problems involved in the prevention, detection and prosecution of insider trading. The case uniquely highlights how ethical behaviour is instilled at home, in school and in society, and the need for...

Opportunistic inside-traders are known to trade specific financial contracts, such as options, to maximise the economic benefits arising from their private information. However, the recent conviction of inside-traders Kamay and Hill in the foreign exchange markets demonstrates more complex...

In this paper, circumstances under which the prevention of market manipulation may not ultimately serve the common good, are considered. Prevention of these crimes is necessary given their considerable economic and social impacts. Recent prosecutions for manipulation of the important LIBOR...

We study the interaction between market timing and pecking order in the financing decision of firms. Using a sample of debt and equity issues and share repurchases of Canadian firms during 1998-2007, we find that only when firms are not financially constrained, they are more likely to issue...

This article reports the current practices of risk management in Slovenian companies and relates the incentives for risk management in the country's post-transitional legal and business environment to the neoclassical theoretical motives for risk management. We find that in such an environment,...

In this paper we apply a novel approach to identifying the qualitative judgement of the rating committee in sovereign credit ratings. We extend the traditional regression with new measures sentiment and subjectivity scores - obtained by textual sentiment analysis methods. By using an ordered...