haku: @indexterm financial market trading / yhteensä: 54
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| Tekijä: | Medrano, L.M. Vives, X. |
| Otsikko: | Regulating insider trading when investment matters |
| Lehti: | Review of finance
2004 : VOL. 8:2, p. 199-277 |
| Asiasana: | Financial market trading Financial regulation Hedging Insider trading |
| Kieli: | eng |
| Tiivistelmä: | This article develops a framework to determine the impact of insider trading on real investment and welfare. The authors also analyse the consequences of different regulatory policies in a model where all traders are rational expected-utility maximizers and aware of their positions in the market. The findings suggest that with costly information acquisition, an abstain-or-disclose rule tends to be optimal, and with free information acquisition, laissez-faire is better. |
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