haku: @author Shin, J. / yhteensä: 4
viite: 3 / 4
| Tekijä: | Shin, J. |
| Otsikko: | The optimal regulation of insider trading |
| Lehti: | Journal of Financial Intermediation
1996 : JAN, VOL. 5:1, p. 49-73 |
| Asiasana: | TRADE REGULATIONS FINANCE |
| Kieli: | eng |
| Tiivistelmä: | This paper models inside trading regulation with a well-defined objective and introduces an explicit measure of regulatory strictness. The regulator's objective is to minimize the trading loss of liquidity traders. With market professionals whose information-based trading is not regulated, the objective of regulation can be achieved by promoting competition between these market professionals and the insider. When stricter regulation induces improvement in the precision of the market professionals and the insider. |
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