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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Main Authors: | , , |
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Format: | text |
Language: | English |
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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 |
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