Using the artifice of a hypothetical trial, this article presents the cases for and against insider
trading. Both sides in the trial produce as evidence the salient points made in more than 100 …

Insiders, that is, managers and members of the board of directors of publicly traded
corporations, usually possess more information about their company than do (small) outside …

Previous work examined the long‐run profitability of strategies mimicking the trades
company directors in the shares of their own company, as a way of testing for market …

This paper analyzes the impact of insider trading legislation on corporate governance. In a
context where large, dominant shareholders can monitor underperforming companies …

This study examines whether pre-announcement insider trading significantly resolves or
intensifies information asymmetry in the Korean emerging stock market. Local institutions …

Conventional economic theory, applied to information released by listed companies,
equates 'useful'with 'price-sensitive'. Stock exchange rules accordingly prohibit the selective …

This paper reassesses the UK results of significant abnormal returns from directors' trading
for a new sample of directors' trades 1984-1986, and finds that abnormal returns tend to be …

In economic, finance, and legal literature, there is a widespread acceptance of the notion
that market makers increase the bid-ask spread in response to insider trading, as they …

There have been three empirical studies examining the share price reaction following trades
by directors of UK companies (King and Poell, 1988; Pope, Morris and Peel, 1990; and …

The last three decades have seen the issue of corporate insider trading come to the fore.
With the emergence of corporate governance as a central concern to regulators and …