Are corporate spin-offs prone to insider trading?

Are corporate spin-offs prone to insider trading?

Despite abundant empirical evidence of informed trading ahead of major corporate events, no such evidence has been reported in the case of corporate spinoff (SP) announcements. This is surprising, as SP announcements are unexpected, and are also associated with a positive price jump in the parent co...

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Bibliographic Details
Main Authors: AUGUSTIN, Patrick, BRENNER, Menachem, HU, Jianfeng, SUBRAHMANYAM, Marti
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
Asymmetric Information
CDS
Corporate Bonds
Insider Trading
Spinoffs
Market Microstructure
Options
TRACE
Business
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4476
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5475/viewcontent/augustin_brenner_hu_subrahmanyam_av.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/4476
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5475/viewcontent/augustin_brenner_hu_subrahmanyam_av.pdf

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