The World Price of Insider Trading

By Utpal Bhattacharya, Hazem Daouk. 2002

1,301 citations recorded by the source corpus.

Subfields: Accounting, Finance, Marketing

View Paper: https://www.semanticscholar.org/paper/9a6db768697c824494d096c9262c1fe2d5ed848b

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Citations in the corpus

Short-Run Pain, Long-Run Gain: Financial Liberalization and Stock Market Cycles (2007, methodology): “The data come from Bhattacharya and Daouk (2002).”
Legal Insider Trading and Market Efficiency (2008, neutral): “According to Battacharya and Daouk (2002), the existence of insider trading laws and their enforcement is essentially a phenomenon of the 1990s.”
The Role of International Financial Reporting Standards in Accounting Quality: Evidence from the European Union (2010, background): “…(Cyprus, Czech, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia) and 2 member states (Bulgaria and Romania) joined the EU on 1 May 2004 and 1 January 2007, respectively, and these 12 EU member states all belong to emerging capital markets (Bhattacharya and Daouk, 2002).”
Financial Reporting Incentives for Conservative Accounting: The Influence of Legal and Political Institutions (2005, neutral): “Although this is a crude proxy for securities-related litigation, this insider trading enforcement variable is associated with meaningful shifts in economic behavior, such as a reduction in country-level cost of capital (Bhattacharya and Daouk, 2002) and an increase in analyst coverage (Bushman, Pio”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “International studies often emphasize the importance of enforcement (e.g., Frost and Pownall, 1994; Bhattacharya and Daouk, 2002; Hope, 2003; La Porta et al., 2006; Coffee, 2007; Jackson and Roe, 2009; Cumming et al., 2011) and, more recently, the implementation of regulation (e.g., Christensen et…”
Political Connections and Minority-Shareholder Protection: Evidence from Securities-Market Regulation in China (2010, background): “If this is the case, we expect to see no or only a weak price reaction around the introduction of the new regulations, especially for firms most closely linked to the Chinese government (See Bhattacharya and Daouk (2002)).”
Information Asymmetry, Diversification, and Cost of Capital (2007, background): “ν = ν + Σν|s,F Σ −1 s s + (β − Σν|s,F Σ−1 s b)F + Σ ν|s,F 2ν|s,F , (7)”
Incentives versus standards: properties of accounting income in four East Asian countries (2003, neutral): “(footnote continued) example, Ali and Hwang, 2002; Hung, 2001; Fan and Wong, 2002; Leuz et al., 2002) Their results generally are consistent with ours. In their investigation of earnings management activities around the world, Leuz et al. (2002) conduct cluster analysis, which classifies three of ou”
Shareholders at the Gate? Institutional Investors and Cross-Border Mergers and Acquisitions (2010, neutral): “We use the number of years since a country has first enforced its insider trading laws taken from Bhattacharya and Daouk (2002). The authors provide evidence of a significant reduction in the cost of equity”