The Dog That Did Not Bark: Insider Trading and Crashes

This paper documents that at the individual stock level, insiders' sales peak many months before a large drop in the stock price, while insiders' purchases peak only the month before a large jump. We provide a theoretical explanation for this phenomenon based on trading constraints and asy...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	The Journal of finance (New York) 2008-10, Vol.63 (5), p.2429-2476
Hauptverfasser:	MARIN, JOSE M., OLIVIER, JACQUES P.
Format:	Artikel
Sprache:	eng
Schlagworte:	Common stock Datasets Financial crisis Financial economics Financial speculation Financial transactions Information dissemination Insider dealing Insider trading Investors Linear regression P values Stock exchange Stock prices Stock sales Studies Trade
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!