Institutional trading during a wave of corporate scandals: 'Perfect payday'?

Institutional trading during a wave of corporate scandals: 'Perfect payday'?

This paper examines the role of institutional trading during the option backdating scandal of 2006-2007. Unlike their inability to anticipate other corporate events, institutional investors as a group display negative abnormal trading imbalances (i.e., buy minus sell volumes) in anticipation of firm...

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Bibliographic Details
Main Authors: BERNILE, Gennaro, Sulaeman, Johan, Wang, Qin
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2015
Subjects:
Institutional investors
Local investors
Option backdating
Scandal
Trading
Business
Corporate Finance
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4519
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5518/viewcontent/SSRN_id2159779.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/4519
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5518/viewcontent/SSRN_id2159779.pdf

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