Insider Trading and Corporate Spinoffs
This paper studies insider trading to examine undervaluation as a motive behind corporate spinoffs. We show an unmistakable increase (decrease) in the number of insider purchases (sales) and net purchases (sales) in the four quarters prior to a spinoff announcement. In addition, relative to a benchm...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2016
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/4994 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=5993&context=lkcsb_research |
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| Institution: | Singapore Management University |
| Language: | English |
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