The information content of sudden insider silence
We present evidence of investors underreacting to the absence of events in financialmarkets. Routine-based insiders strategically choose to be silent when they possessprivate information not yet reflected in stock prices. Consistent with our hypothesis,insider silence following routine sell (buy) pr...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2019
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5320 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6319/viewcontent/information_content_of_sudden_insider_silence_accepted.pdf |
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| Institution: | Singapore Management University |
| Language: | English |