Corporate insider trading: A literature review

被引:0
|
作者
Clacher, Iain [1 ]
Hillier, David [1 ]
Lhaopadchan, Sunthare [2 ]
机构
[1] Univ Leeds, Leeds LS2 9JT, W Yorkshire, England
[2] Univ Amsterdam, NL-1012 WX Amsterdam, Netherlands
关键词
Corporate insider trading; DIVIDEND ANNOUNCEMENTS; INFORMATION ASYMMETRY; PRIVATE INFORMATION; MARKET LIQUIDITY; EARNINGS QUALITY; STOCK-MARKET; PRICE; PERFORMANCE; COST; RESTRICTIONS;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
The last three decades have seen the issue of corporate insider trading come to the fore. With the emergence of corporate governance as a central concern to regulators and academies, the trading activity of corporate insiders neatly spans both governance and corporate finance policy areas. This review article synthesises the main ideas and the most important empirical research in corporate insider trading. Since regulation is the main backdrop to insider trading, the current law facing European corporations is also discussed. Finally, the review concludes by providing an insight into the future direction of research in corporate insider trading.
引用
收藏
页码:373 / 397
页数:25
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