A large body of literature shows that insiders trade on private information. Less attention, however, has been devoted to how the trading activity of other types of “informed” investors affects insiders’ trading activity. In our study, we address this issue by exploring how the presence of a particular type of informed investors—i.e., the short sellers—could alter insiders’ incentives to trade on their private (negative) information.
|
|
Scooped by
Institut sur la gouvernance (IGOPP)
December 4, 2015 9:55 AM
|
Your new post is loading...