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| Author: | Minenna, M. |
| Title: | Insider trading, abnormal return and preferential information: supervising through a probabilistic model |
| Journal: | Journal of Banking and Finance
2003 : JAN, VOL. 27:1, p. 59-86 |
| Index terms: | Insider trading Return on investment |
| Freeterms: | Disgorgement Even studies analysis Wiener process Abnormal return |
| Language: | eng |
| Abstract: | The enforcement of the ban on insider trading requires an evaluation of the disgorgement, i.e. the capital gain of the insider trader who takes advantage of the exploitation of preferential information. The author develops an adaption for the Italian market and explains the limits of these methodologies in the analysis of the insider-trading phenomenon. In particular, it emerges that the econometric approach cannot be applied to all insider-trading schemes. |
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