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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| 格式: | text |
| 語言: | English |
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Institutional Knowledge at Singapore Management University
2023
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| 主題: | |
| 在線閱讀: | https://ink.library.smu.edu.sg/lkcsb_research/7240 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8239/viewcontent/InsiderTrading_2023_pvoa.pdf |
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| 機構: | Singapore Management University |
| 語言: | English |