haku: @author Smith, D. C. / yhteensä: 10
viite: 5 / 10
| Tekijä: | Eckbo, B. E. Smith, D. C. |
| Otsikko: | The conditional performance of insider trades. |
| Lehti: | Journal of Finance
1998 : APR, VOL. 53:2, p. 467-498 |
| Asiasana: | INSIDER TRADING STOCK EXCHANGES NORWAY |
| Kieli: | eng |
| Tiivistelmä: | This paper estimates the performance of insider trades on the closely held Oslo Stock Exchange (OSE) during a period of lax enforcement of insider trading regulations. Using three alternative performance estimators in a time-varying expected return setting, it documents zero or negative abnormal performance by insiders. The results are robust to a variety of trade characteristics. Applying the performance measures to mutual funds on the OSE, it also documents some evidence that the average mutual fund outperforms the insider portfolio. |
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