메뉴 건너뛰기




Volumn 6, Issue 4, 1996, Pages 383-391

The regulation of insider dealing in the UK: Some empirical evidence concerning share prices, merger bids and bidders' advising merchant banks

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0344807092     PISSN: 09603107     EISSN: None     Source Type: Journal    
DOI: 10.1080/096031096334204     Document Type: Article
Times cited : (7)

References (37)
  • 1
    • 0042052438 scopus 로고
    • Information leakage prior to takeover announcements: The effect of media reports
    • Aitken, M. and Czernkowski, R. (1992) Information leakage prior to takeover announcements: the effect of media reports, Accounting and Business Research, 23, 3-20.
    • (1992) Accounting and Business Research , vol.23 , pp. 3-20
    • Aitken, M.1    Czernkowski, R.2
  • 2
    • 84944833639 scopus 로고
    • Comparative analysis of risk measures: France and the United States
    • Altman, E. I., Jacquillat, B. and Lavasseur, M. (1974) Comparative analysis of risk measures: France and the United States, Journal of Finance, 29, 1495-571.
    • (1974) Journal of Finance , vol.29 , pp. 1495-1571
    • Altman, E.I.1    Jacquillat, B.2    Lavasseur, M.3
  • 3
    • 48749149426 scopus 로고
    • Merger bids, uncertainty and stockholder returns
    • Asquith, P. (1983) Merger bids, uncertainty and stockholder returns, Journal of Financial Economics, 11, 51-83.
    • (1983) Journal of Financial Economics , vol.11 , pp. 51-83
    • Asquith, P.1
  • 5
    • 0040863034 scopus 로고
    • The effect of a merger on the share price of the attacker revisited
    • Barnes, P. (1984) The effect of a merger on the share price of the attacker revisited, Accounting and Business Research, 15, 45-9.
    • (1984) Accounting and Business Research , vol.15 , pp. 45-49
    • Barnes, P.1
  • 6
    • 0006366619 scopus 로고
    • On the assessment of risk: Some further considerations
    • Baesel, J. B. (1974) On the assessment of risk: some further considerations, Journal of Finance, 29, 1491-594.
    • (1974) Journal of Finance , vol.29 , pp. 1491-1594
    • Baesel, J.B.1
  • 8
    • 36749092418 scopus 로고
    • Using daily stock returns: The case of event studies
    • Brown, S. and Warner, J. (1985) Using daily stock returns: the case of event studies, Journal of Financial Economics, 14, 3-31.
    • (1985) Journal of Financial Economics , vol.14 , pp. 3-31
    • Brown, S.1    Warner, J.2
  • 9
    • 0040879813 scopus 로고
    • Corporate control, insider trading and rates of return
    • Demetz, H. (1986) Corporate control, insider trading and rates of return, American Economic Review, 56, 313-16.
    • (1986) American Economic Review , vol.56 , pp. 313-316
    • Demetz, H.1
  • 10
    • 84978553393 scopus 로고
    • The effect of merger on the share price of the acquiring firm: A UK study
    • Dodds, J. C. and Quek, J. P. (1985) The effect of merger on the share price of the acquiring firm: a UK study, Journal of Business Finance and Accounting, 12, 285-96.
    • (1985) Journal of Business Finance and Accounting , vol.12 , pp. 285-296
    • Dodds, J.C.1    Quek, J.P.2
  • 11
    • 0002666454 scopus 로고
    • A comparison of event study methodologies using daily stock returns: A simulation approach
    • Dyckman, T., Philbrick, D. and Stephan, J. (1984) A comparison of event study methodologies using daily stock returns: a simulation approach, Journal of Accounting Research, 22, Suppl, 1-30.
    • (1984) Journal of Accounting Research , vol.22 , Issue.SUPPL. , pp. 1-30
    • Dyckman, T.1    Philbrick, D.2    Stephan, J.3
  • 13
    • 84925919386 scopus 로고
    • The profitability of takeovers and mergers
    • Firth, M. (1979) The profitability of takeovers and mergers, Economic Journal, 89, 316-28.
    • (1979) Economic Journal , vol.89 , pp. 316-328
    • Firth, M.1
  • 14
    • 0000863836 scopus 로고
    • Takeovers, shareholder returns and the theory of the firm
    • Firth, M. (1980) Takeovers, shareholder returns and the theory of the firm, Quarterly Journal of Economics, 94, 235-60.
    • (1980) Quarterly Journal of Economics , vol.94 , pp. 235-260
    • Firth, M.1
  • 15
    • 38249005782 scopus 로고
    • Shareholder wealth effects of corporate takeovers: The UK experience 1955-85
    • Franks, J. R. and Harris, R. S. (1989) Shareholder wealth effects of corporate takeovers: the UK experience 1955-85, Journal of Financial Economics, 18, 225-49.
    • (1989) Journal of Financial Economics , vol.18 , pp. 225-249
    • Franks, J.R.1    Harris, R.S.2
  • 16
    • 84977313406 scopus 로고
    • An industry study of the profitability of mergers in the United Kingdom
    • Franks, J. R., Broyles, J. E. and Hecht, M. J. (1977) An industry study of the profitability of mergers in the United Kingdom, Journal of Finance, 32, 1513-25.
    • (1977) Journal of Finance , vol.32 , pp. 1513-1525
    • Franks, J.R.1    Broyles, J.E.2    Hecht, M.J.3
  • 17
    • 0011532540 scopus 로고
    • Risk, information, and the effects of special accounting items on market equilibrium
    • Gonedes, N. (1975) Risk, information, and the effects of special accounting items on market equilibrium, Journal of Accounting Research, 13, 220-56.
    • (1975) Journal of Accounting Research , vol.13 , pp. 220-256
    • Gonedes, N.1
  • 19
    • 0003305108 scopus 로고
    • eds M. Bishop and J. Kay, Oxford University Press, London
    • Hughes, A. (1993) in European Mergers and Merger Policy, eds M. Bishop and J. Kay, Oxford University Press, London, pp. 9-95.
    • (1993) European Mergers and Merger Policy , pp. 9-95
    • Hughes, A.1
  • 20
    • 85033831580 scopus 로고    scopus 로고
    • International Stock Exchange, London
    • International Stock Exchange, Admission of Securities to Listing, International Stock Exchange, London.
    • Admission of Securities to Listing
  • 22
    • 34447504242 scopus 로고
    • The market for corporate control-the scientific evidence
    • Jensen, M. C. and Ruback, R. S. (1983) The market for corporate control-the scientific evidence, Journal of Financial Economics, 11, 5-50.
    • (1983) Journal of Financial Economics , vol.11 , pp. 5-50
    • Jensen, M.C.1    Ruback, R.S.2
  • 23
    • 84978595176 scopus 로고
    • A note on insider trading and issuances of restricted-voting common shares
    • Jog, V. M. and Riding, A. L. (1990) A note on insider trading and issuances of restricted-voting common shares, Journal of Business Finance and Accounting, 17, 461-70.
    • (1990) Journal of Business Finance and Accounting , vol.17 , pp. 461-470
    • Jog, V.M.1    Riding, A.L.2
  • 24
    • 0001606481 scopus 로고
    • Corporate mergers and shareholder wealth effects: 1977-1986
    • Limmack, R. J. (1991) Corporate mergers and shareholder wealth effects: 1977-1986, Accounting and Business Research, 22, 239-51.
    • (1991) Accounting and Business Research , vol.22 , pp. 239-251
    • Limmack, R.J.1
  • 25
    • 84975950477 scopus 로고
    • Measuring abnormal performance: The event parameter approach using joint generalized least squares
    • Malatesta, P. H. (1986) Measuring abnormal performance: the event parameter approach using joint generalized least squares, Journal of Financial and Quantitative Analysis, 21, 27-38.
    • (1986) Journal of Financial and Quantitative Analysis , vol.21 , pp. 27-38
    • Malatesta, P.H.1
  • 27
    • 48549110620 scopus 로고
    • Corporate financing and investment decisions when firms have information that investors do not have
    • Myers, S. C. and Majluf, N. S. (1984) Corporate financing and investment decisions when firms have information that investors do not have, Journal of Financial Economics, 12, 187-222.
    • (1984) Journal of Financial Economics , vol.12 , pp. 187-222
    • Myers, S.C.1    Majluf, N.S.2
  • 28
  • 29
    • 84978597496 scopus 로고
    • Insider trading: Some evidence on market efficiency and directors' share dealings in Great Britain
    • Pope, P. F., Morris, R. C. and Peel, D. A. (1990) Insider trading: some evidence on market efficiency and directors' share dealings in Great Britain, Journal of Business Finance and Accounting, 17, 359-80.
    • (1990) Journal of Business Finance and Accounting , vol.17 , pp. 359-380
    • Pope, P.F.1    Morris, R.C.2    Peel, D.A.3
  • 32
    • 84977336413 scopus 로고
    • Biases estimators and unstable betas
    • Scott, E. and Brown, S. (1980) Biases estimators and unstable betas, Journal of Finance, 35, 49-55.
    • (1980) Journal of Finance , vol.35 , pp. 49-55
    • Scott, E.1    Brown, S.2
  • 33
    • 84933492218 scopus 로고
    • The effectiveness of insider-trader sanctions
    • Seyhun, H. N. (1992) The effectiveness of insider-trader sanctions, Journal of Law and Economics, 35, 149-82.
    • (1992) Journal of Law and Economics , vol.35 , pp. 149-182
    • Seyhun, H.N.1
  • 35
    • 84977334948 scopus 로고
    • Stationarity of market risk: Random coefficients tests for individual stocks
    • Sunder, S. (1980) Stationarity of market risk: random coefficients tests for individual stocks, Journal of Finance, 35, 883-96.
    • (1980) Journal of Finance , vol.35 , pp. 883-896
    • Sunder, S.1
  • 36
    • 84978547001 scopus 로고
    • More methods that make little difference in event studies
    • Thompson, J. E. (1988) More methods that make little difference in event studies, Journal of Business Finance and Accounting, 15, 77-86.
    • (1988) Journal of Business Finance and Accounting , vol.15 , pp. 77-86
    • Thompson, J.E.1
  • 37
    • 3142526327 scopus 로고
    • (House of Commons Session 1989-90, 2 May 1990) HMSO, London
    • Trade and Industry Committee (1990) Third Report, Company Investigations (House of Commons Session 1989-90, 2 May 1990) HMSO, London.
    • (1990) Third Report, Company Investigations


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.