The real effect of the initial enforcement of insider trading laws
Based on a difference-in-differences approach, we find strong evidence that the initial enforcement of insider trading laws improves capital allocation efficiency. The effect is concentrated in developed markets and manifests shortly after the enforcement year. Further analysis shows that the improv...
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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
2017
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| 在線閱讀: | https://ink.library.smu.edu.sg/soa_research/1140 https://ink.library.smu.edu.sg/context/soa_research/article/2139/viewcontent/Real_effect_of_the_initial_enforcement_of_insider_trading_law_av.pdf |
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| 機構: | Singapore Management University |
| 語言: | English |