Are trading bans effective? Exchange regulation and corporate insider transactions around earnings announcements

Journal of Corporate Finance

Volumn 8, Issue 4, 2002, Pages 393-410

  Hillier, David ^a   Marshall, Andrew P ^a  

^a UNIVERSITY OF STRATHCLYDE   (United Kingdom)

Author keywords

Earnings announcements; Event studies; Insider trading; Regulation

Indexed keywords

EID: 0036344603     PISSN: 09291199     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0929-1199(01)00046-3     Document Type: Article

References (42)

1. Earnings surprises and prior insider trading: Tests of joint informativeness
2. Insider trading in a rational expectations economy
3. An empirical evaluation of accounting numbers
4. Insider trading in financial signaling models
5. The information content of annual earnings releases: A trading volume approach
6. The information content of annual earnings announcement
7. The association between unsystematic security returns and the magnitude of earnings forecast errors
8. Event study methodology under conditions of event-induced variance
9. The market impact of UK company news announcements
10. Note: What is wrong with insider trading
11. Information value and investor wealth: The case of earnings announcement
12. Insider trading, secret agents, evidentiary privileges, and the production of information
13. The association between insider trading and information announcements
14. Insiders and market efficiency
15. The relative information content of the release of financial results data by firms
16. New evidence on the effects of federal regulations on insider trading: The Insider Trading and Securities Fraud Enforcement Act (ITSFEA)
17. Insider trading and the exploitation of inside information: Some empirical evidence
18. Insider trading, liquidity, and the role of the monopolist specialist
19. The economics of "Big Bang"
20. UK directors' trading: The impact of dealings in smaller firms
21. The timing of directors' trades
22. The private and social value of information and the reward to incentive activity
23. Special information and insider trading
24. Insider trading restrictions and the stock market: Evidence from the Amsterdam Stock Exchange
25. Singapore and Malaysia: Recent developments in insider trading laws
26. An empirical investigation of NYSE volume and price reactions to the announcement of quarterly earnings
27. Institutional holdings and trading volume reactions to quarterly earnings announcement
28. Earnings news and small traders: An intraday analysis
29. The Institutional Investor And Financial Information
30. Predictive and statistical properties of insider trading
31. Financial analysts' earnings forecasts and insider trading
32. What's wrong with insider dealing?
33. An empirical analysis of illegal insider trading
34. Price and trading volume reaction surrounding earnings announcement: A closer examination
35. Insider trading activity surrounding annual earnings announcements
36. Relationship between insider trading and rates of return for NYSE common stocks, 1960-1966
37. The information content of firm financial disclosures
38. Market efficiency and insider trading: New evidence
39. Insiders' profits, costs of trading, and market efficiency
40. Insider trading following material news events: Evidence from earnings
41. The association between consensus of belief and trading activity surrounding earnings announcement