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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| 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 |