The impact of illegal insider trading in dealer and specialist markets: evidence from a natural experiment
Article Abstract:
A court case on insider trading that involved 116 publicly traded companies is studied. The study reveals strong evidence that illegal insider trading has a negative impact on market liquidity.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
The empirical risk-return relation: a factor analysis approach
Article Abstract:
The risk premiums and unpredictability related to excess stock market returns are analyzed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Risk, return and regulation in Chinese stock markets. Asymmetries in the conditional mean and the conditional variance: evidence from nine stock markets
- Abstracts: Policy and volatility of asset returns. Hypothesis testing in event studies: the case of variance changes. A case study of the impact of monetary policy on exchange rates
- Abstracts: The speed of convergence and alternative government financing. Dynamic effects of government expenditure in a finance constrained economy
- Abstracts: On the efficiency and equity trade-off. International dimensions of optimal monetary policy. Implications of rational inattention
- Abstracts: International evidence on output fluctuation and shock persistence. Habit formation and the persistence of monetary shocks