Insider Trading Laws and Stock Price Informativeness

We investigate the relation between a country’s first-time enforcement of insider trading laws and stock price informativeness using data from 48 countries over 1980–2003. Enforcement of insider trading laws improves price informativeness, as measured by firm-specific stock return variation, but thi...

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Detalhes bibliográficos
Autor principal: Fernandes, Nuno (author)
Outros Autores: Ferreira, Miguel A. (author)
Formato: article
Idioma:eng
Publicado em: 2013
Texto completo:http://hdl.handle.net/10071/5571
País:Portugal
Oai:oai:repositorio.iscte-iul.pt:10071/5571