Director trades, profitability and market efficiency: New evidence

We investigate if directors of Australian companies can generate abnormal returns on their reported trades, if these abnormal returns are significant enough to be mimicked by outsiders, and if insider trades have an effect on returns of other investors. We find that insiders take advantage of their...

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Bibliographic Details

Published in:	Journal of Economic Criminology
Main Authors:	Reza Bradrania, Tina Prodromou, P. Joakim Westerholm
Format:	Article
Language:	English
Published:	Elsevier 2023-09-01
Subjects:	Insider trading Reported insider trades Informed trading Information asymmetry Market efficiency
Online Access:	http://www.sciencedirect.com/science/article/pii/S294979142300009X