trading during takeover bids. Exploiting the quasi-experimental setting provided by the introduction of the MAD, our event …

insider trading measures, we find no evidence that insiders increase their purchases before takeover announcements; instead … three measures of net purchases, and is more pronounced in certain sub-samples with less uncertainty about takeover … by target insiders during takeover negotiations points to the limits of insider trading regulation. Finally, our finding …

This paper examines the pattern and profitability of institutional trades around takeover announcements. We find that … the trades of funds as a group, either before or after takeover announcements, are not profitable. However, funds whose …

This paper analyzes the law and economics of insider trading in the context of takeover bids, focusing on the European …

This paper investigates the patterns of directors' trades and returns around takeover announcements. We find that the …

pre-public takeover negotiations by analyzing insider trading during this period. We show that target insiders increase …, insider net purchases during the pre-public takeover negotiations are in line with insiders guessing well the final offer …