haku: @indexterm Insider trading / yhteensä: 155
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| Tekijä: | Bhattacharya, S. Nicodano, G. |
| Otsikko: | Insider trading, investment, and liquidity: a welfare analysis |
| Lehti: | Journal of Finance
2001 : JUN, VOL. 56:3, p. 1141-1156 |
| Asiasana: | Insider trading Share prices Corporate liquidity Welfare Financial analysis |
| Kieli: | eng |
| Tiivistelmä: | The authors compare equilibrium trading outcomes with and without participation by an informed insider, assuming inflexible ex ante aggregate investment choices by agents. They characterize the circumstances under which the revelation of payoff-relevant information via prices - arising from insider trading - benefits outsiders with stochastic liquidity needs, by improving risk-sharing among them. |
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