search query: @indexterm Insider trading / total: 155
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| Author: | Datta, S. Iskandar-Datta, M. |
| Title: | Does insider trading have information content for the bond market? |
| Journal: | Journal of Banking and Finance
1996 : APR, VOL. 20:6, p. 555-575 |
| Index terms: | SIGNALING INSIDER TRADING BOND MARKETS |
| Language: | eng |
| Abstract: | This study documents that there is significant information content in stock trading by registered corporate insiders for the bond market. The authors report significant positive price reactions for convertible and straight bonds in response to the Wall Street Journal's Insider Trading Spotlight publication of insider buy transactions and significant negative reactions for insider sell transactions. The stock market response to the publication of the insider transactions, although weaker than the bond market reaction, is also found to be significant. |
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