REGULATION, INSIDER TRADING AND STOCK MARKET REACTION. WHAT DO WE KNOW?
A large number of theoretical papers have focused on finding the right regulatory inputs that trigger the development of domestic stock markets. The majority of empirical papers find a positive connection between investor protection and stock market development, proxied by turnover, market capital...
| Published in: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2017-11-01
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| Subjects: | |
| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2017-Volumul%201%20Special/24_Milos.pdf |
| Summary: | A large number of theoretical papers have focused on finding the right regulatory inputs that trigger the
development of domestic stock markets. The majority of empirical papers find a positive connection between investor
protection and stock market development, proxied by turnover, market capitalization or volatility. When talking about
investor protection, insider trading oftenly appears as a major research objective when proving the beneficial role of
regulation on stock markets. The objective of this paper is to review the main arguments that were brought for and
against insider trading regulation, alongside analyzing the documented cases of market reaction to the introduction
and enforcement of insider trading disclosure. |
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| ISSN: | 1844-7007 1844-7007 |