Is ‘Not Trading’ Informative? Evidence from Corporate Insiders’ Portfolios

2021 ◽  
Author(s):  
Luke DeVault ◽  
Scott Cederburg ◽  
Kainan Wang
Keyword(s):  
Corporate Insiders

Why do Corporate Insiders Trade? The UK Evidence

2003 ◽  
Author(s):  
Eva Gonzalez Calvo ◽  
Meziane Lasfer
Keyword(s):  
Corporate Insiders ◽  
The Uk

Delays in Trade Reporting By Corporate Insiders

2008 ◽  
Author(s):  
Erik Theissen ◽  
André Betzer
Keyword(s):  
Corporate Insiders

scholarly journals Insider Trading in Germany — Do Corporate Insiders Exploit Inside Information?

2008 ◽  
Vol 1 (2) ◽  
pp. 188-205 ◽  
Author(s):  
Björn M. Dymke ◽  
Andreas Walter
Keyword(s):  
Insider Trading ◽  
Inside Information ◽  
Corporate Insiders

Aggregate congressional trading and stock market returns

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Serkan Karadas ◽  
Minh Tam Tammy Schlosky ◽  
Joshua C. Hall
Keyword(s):  
Stock Market ◽  
Industrial Production ◽  
Market Returns ◽  
Stock Market Returns ◽  
Content Type ◽  
Macroeconomic Information ◽  
Corporate Insiders ◽  
The Media ◽  
Congressional Trading ◽  
The Relationship

Purpose What information do members of Congress (politicians) use when they trade stocks? The purpose of this paper is to attempt to answer this question by investigating the relationship between an aggregate measure of trading by members of Congress (aggregate congressional trading) and future stock market returns. Design/methodology/approach The authors follow the empirical framework used in academic work on corporate insiders. In particular, they aggregate 61,998 common stock transactions by politicians over the 2004–2010 period and estimate time series regressions at a monthly frequency with heteroskedasticity and autocorrelation robust t-statistics. Findings The authors find that aggregate congressional trading predicts future stock market returns, suggesting that politicians use economy-wide (i.e. macroeconomic) information in their stock trades. The authors also present evidence that aggregate congressional trading is related to the growth rate of industrial production, suggesting that industrial production serves as a potential channel through which aggregate congressional trading predicts future stock market returns. Originality/value To the best of the authors’ knowledge, this study is the first to document a relationship between aggregate congressional trading and stock market returns. The media and scholarly attention on politicians’ trades have mostly focused on the question of whether politicians have superior information on individual firms. The results from this study suggest that politicians’ informational advantage may go beyond individual firms such that they potentially have superior information on the overall trajectory of the economy as well.

Emotional Acumen on the Propensity of Graduating Technology Students to Whistle-Blow About Organizational Cyber Security Breaches

2018 ◽  
Vol 9 (4) ◽  
pp. 1-14 ◽  
Author(s):  
Nimisha Bhargava ◽  
Mani Kumari Madala ◽  
Darrell Norman Burrell
Keyword(s):  
Decision Making ◽  
Cyber Security ◽  
Ethical Decision Making ◽  
Moral Dilemma ◽  
Securities And Exchange Commission ◽  
Complex Nature ◽  
Public Companies ◽  
Security Breaches ◽  
Technology Students ◽  
Corporate Insiders

Emotional acumen is relatively a new concept compared to the other decision-making variables in the existing literature. Comprehending the procedure in which the individuals captivate themselves in ethical decision-making and the factors stimulating this procedure may be imperative for burgeoning more efficient education for ethics. The U.S. Securities and Exchange Commission issued new guidance calling on public companies to be more forthcoming when disclosing nature and scope of cybersecurity breaches. The statement also warns that corporate insiders must not trade shares when they have information about cybersecurity issues that is not public yet. Understanding the emotional underpinnings is critical to guiding how individuals deal with the complex nature of morally infused predicaments, their awareness of the moral dilemma, judgments about the potential consequences and their intention to act or propensity to whistle-blow related to cybersecurity breaches are significantly affected by the emotional acumen.

Mimickers of Corporate Insiders Who Make Large-Volume Trades

1997 ◽  
Vol 53 (5) ◽  
pp. 57-66 ◽  
Author(s):  
Carr Bettis ◽  
Don Vickrey ◽  
Donn W. Vickrey
Keyword(s):  
Large Volume ◽  
Corporate Insiders

What Causes the Disposition Effect? Evidence from Corporate Insiders

2020 ◽  
pp. 1-12
Author(s):  
Charles Favreau ◽  
Ryan Garvey
Keyword(s):  
Disposition Effect ◽  
Corporate Insiders

When Short Sellers and Corporate Insiders Agree on Stock Pricing

2019 ◽  
Vol 45 (4) ◽  
pp. 129-142 ◽  
Author(s):  
Chune Young Chung ◽  
Hong Kee Sul ◽  
Kainan Wang
Keyword(s):  
Short Sellers ◽  
Corporate Insiders
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