haku: @author Bris, A. / yhteensä: 5
viite: 4 / 5
| Tekijä: | Bris, A. |
| Otsikko: | Do insider trading laws work? |
| Lehti: | European Financial Management
2005 : JUN, VOL 11:3, p. 267-312 |
| Asiasana: | Stock markets Trading Legislation Regulations International |
| Kieli: | eng |
| Tiivistelmä: | This paper presents the 1st comprehensive global study of insider trading (henceforth as: ins-tr.) laws and their 1st enforcement. Using a sample of 4.541 acquisitions from 52 countries, it is found that ins-tr. enforcement increases both the incidence, and the profitability of ins-tr. The expected total ins-tr. gains increase. Consequently, laws proscribing ins-tr. fail to eliminate insider profits. However, harsher laws work better at reducing the incidence of illegal insider trading. |
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