search query: @author Lee, I. / total: 12
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| Author: | Lakonishok, J. Lee, I. |
| Title: | Are insider trades informative? |
| Journal: | Review of Financial Studies
2001 : SPRING, VOL. 14:1, p. 79-111 |
| Index terms: | FINANCIAL MARKET TRADING INSIDER TRADING |
| Language: | eng |
| Abstract: | The authors examine insider trading activities of all companies traded on the NYSE, AMEX and Nasdaq during the 1975-1995 period. In general, very little market movement is observed when insiders trade and when they report their trades to the SEC. Insiders in aggregate are contrarian investors. However, they predict market movements better than simple contrarian strategies. Insiders also seem to be able to predict cross-sectional stock returns. |
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