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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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2020
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| Subjects: | |
| 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 |