Monitoring from afar: Do foreign institutional investors deter insider trading?

This paper examines the disciplinary effect of foreign institutional investors on opportunistic insider trading. Using a novel global insider trading data set containing 35,557 firms from 26 countries over the period 2000-2015, we find that greater foreign institutional ownership significantly reduc...

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Bibliographic Details
Main Authors: HONG, Claire Yurong, LI, Frank Weikai, ZHU, Qifei
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5938
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6937/viewcontent/SSRN_id3239075.pdf
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Institution: Singapore Management University
Language: English