This paper reviews recent research on the causes and consequence of different forms of
financial market misconduct and potential agency conflicts and the impact of regulating …

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 …

This paper provides evidence that insiders possess, and trade upon, knowledge of specific
and economically significant forthcoming accounting disclosures as long as 2 years prior to …

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 …

We assess the market microstructure properties of US banking firms' equity, to determine
whether they exhibit more or less evidence of asset opaqueness than similar-sized …

This paper examines policies and procedures put in place by corporations to regulate
trading in the stock by the firm's own insiders. Over 92% of our sample companies have their …

This study examines the information content of Form 4 filings under the more timely
disclosure regime introduced by Section 403 of the Sarbanes‐Oxley Act of 2002 (SOX) …

abstract In this study I investigate the relation between firm‐level insider‐trading restrictions
and executive compensation. Using a trading‐window proxy for the existence of such …

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 …

The US Securities and Exchange Commission enacted Rule 10b5-1 to deter insiders from
trading with private information, yet also protect insiders' preplanned, non-information-based …