DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lakonishok, J | ko |
dc.contributor.author | Lee, Inmoo | ko |
dc.date.accessioned | 2013-03-03T16:33:07Z | - |
dc.date.available | 2013-03-03T16:33:07Z | - |
dc.date.created | 2012-02-06 | - |
dc.date.created | 2012-02-06 | - |
dc.date.issued | 2001-03 | - |
dc.identifier.citation | REVIEW OF FINANCIAL STUDIES, v.14, no.1, pp.79 - 111 | - |
dc.identifier.issn | 0893-9454 | - |
dc.identifier.uri | http://hdl.handle.net/10203/79489 | - |
dc.description.abstract | We examine insider trading activities of all companies traded on the NYSE, AMEX, and Nasdaq during the 1975-1995 period. In general, very little market movement is observed when insiders trade and when they report their trades to the SEC. Insiders in aggregate are contrarian investors. However, they predict market movements better than simple contrarian strategies. Insiders also seem to be able to predict cross-sectional stock returns. The result, however, is driven by insider's ability to predict returns in smaller firms. In addition, informativeness of insiders' activities is coming from purchases, while insider selling appears to have no predictive ability. | - |
dc.language | English | - |
dc.publisher | OXFORD UNIV PRESS INC | - |
dc.title | Are insider trades informative? | - |
dc.type | Article | - |
dc.identifier.wosid | 000166240600003 | - |
dc.identifier.scopusid | 2-s2.0-0035578755 | - |
dc.type.rims | ART | - |
dc.citation.volume | 14 | - |
dc.citation.issue | 1 | - |
dc.citation.beginningpage | 79 | - |
dc.citation.endingpage | 111 | - |
dc.citation.publicationname | REVIEW OF FINANCIAL STUDIES | - |
dc.identifier.doi | 10.1093/rfs/14.1.79 | - |
dc.contributor.localauthor | Lee, Inmoo | - |
dc.contributor.nonIdAuthor | Lakonishok, J | - |
dc.type.journalArticle | Article | - |
dc.subject.keywordPlus | MARKET-EFFICIENCY | - |
dc.subject.keywordPlus | STOCK RETURNS | - |
dc.subject.keywordPlus | PERFORMANCE | - |
dc.subject.keywordPlus | OVERREACTION | - |
dc.subject.keywordPlus | RISK | - |
dc.subject.keywordPlus | PRICES | - |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.