Can retail investors learn from insiders?

This paper examines the trading patterns of retail investors following insider trading and the corresponding price impact. Retail investors follow the opportunistic purchases by insiders, but not their routine purchases. Neither investor attention nor common information such as earnings announcement...

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Bibliographic Details
Main Authors: BOEHMER, Ekkehart, SANG, Bo, ZHANG, Zhe
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6801
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7800/viewcontent/BSZ_2022EFA.pdf
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Institution: Singapore Management University
Language: English