The Deterrent Effect of Insider Trading Enforcement Actions

We analyze whether exposure to an SEC insider trading enforcement action affects how insiders trade. We find that following an insider trading enforcement action at one firm, exposed insiders earn significantly lower abnormal profits from their trades at other firms compared to non-exposed insiders....

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	The Accounting review 2022-05, Vol.97 (3), p.227-247
Hauptverfasser:	Davidson, Robert H., Pirinsky, Christo
Format:	Artikel
Sprache:	eng
Schlagworte:	Action Enforcement Insider trading Probability Profits Public Company Accounting Reform & Investor Protection Act 2002-US
Online-Zugang:	Volltext
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