Corporate Governance and Opportunistic Insider Trade

Corporate Governance and Opportunistic Insider Trade

We study the effect of informed trading by U.S. executives on shareholder value. We develop a proxy of insider trading that is driven by management’s private information. We find that our proxy is negatively associated with future earnings performance and contemporaneous stock prices. Our proxy is a...

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Bibliographic Details
Main Authors: Gunny, Katherine, Ke, Bin, ZHANG, Tracey Chunqi
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
informed trading
Managerial Opportunism
shareholder value
Accounting
Business Law, Public Responsibility, and Ethics
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/soa_research/2
http://aaahq.org/AM2009/abstract.cfm?submissionID=2051
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/2
http://aaahq.org/AM2009/abstract.cfm?submissionID=2051

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