haku: @author Lin, J. C. / yhteensä: 1
viite: 1 / 1
« edellinen | seuraava »
| Tekijä: | Lin, J. C. Howe, J. S. |
| Otsikko: | Insider trading in the OTC market |
| Lehti: | Journal of Finance
1990 : SEP, VOL. 45:4, p. 1273-1284 |
| Asiasana: | INSIDER TRADING PROFITABILITY SECURITIES BUSINESS INFORMATION PROFIT |
| Kieli: | eng |
| Tiivistelmä: | The profitability of insider trading is examined in firms whose securities trade in the OTC/NASDAQ market. Though the evidence suggests timing and forecasting ability on the part of insiders, high transaction costs appear to eliminate the potential for positive abnormal returns from active trading. Outside investors who mimic the trading of insiders are also precluded from earning abnormal profits. Evidence on the determinants of insiders' profits is provided. The data suggest that insiders closer to the firm trade on more valuable information than insiders removed from the firm. |
« edellinen | seuraava »
SCIMA