Insider Trading Laws and Stock Price Informativeness

By Nuno Fernandes, Miguel A. Ferreira. 2009

447 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/a8d439065a1001e235009907ec223fcd3b40ac37

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Clare Wang
2. Ahmed Tahoun
3. P. Kelly
4. K. Lim
5. Nicholas Hirschey
6. R. Brooks
7. Luzi Hail
8. Angelica Gonzalez

In Finance

1. Clare Wang
2. K. Lim
3. P. Kelly
4. R. Brooks
5. Ahmed Tahoun
6. Nicholas Hirschey
7. Luzi Hail
8. Angelica Gonzalez

Citations in the corpus

• Independent Director Reputation Incentives and Stock Price Informativeness (2017, background): “Capital market liberalization and stronger investor protection such as the enactment of insider trading laws also leads to greater informativeness of stock prices (Li, Morck, Yang, and Yeung, 2004; Fernandes and Ferreira, 2009).”
• How Important Is the Financial Media in Global Markets (2011, background): “4 Gagnon and Karolyi (2009) examine the relation between reversals and continuation (associated with liquidity and informed trading) and trading volume around the world.”
• The source of information in prices and investment-price sensitivity (2017, unknown): “In our main specification, we do not include additional firm-level controls, since firm-level variables may be affected by ITE, as found by Bushman et al. (2005) and Fernandes and Ferreira (2009) .”
• Dividend Payouts and Information Shocks (2014, background): “quality improves, and share prices become more informative upon the restriction of insider trading (Bushman, Piotroski, and Smith 2005; Hail 2007; Fernandes and Ferreira 2009; Zhang and Zhang 2012).”
• The Evolution of Stock Market Efficiency Over Time: A Survey of the Empirical Literature (2011, background): “…2004), corporate transparency (Jin and Myers, 2006), securities laws (Daouk Journal of Economic Surveys (2011) Vol. 25, No. 1, pp. 69–108 C© 2010 Blackwell Publishing Ltd et al., 2006), short sales restrictions (Bris et al., 2007) and insider trading laws (Beny, 2007; Fernandes and Ferreira, 2009).”
• Decoding Inside Information (2012, unknown): “See also Fernandes and Ferreira (2009) for cross-country evidence on insider trading laws and stock price informativeness.”
• Does stock price informativeness affect labor investment efficiency (2016, unknown): “More recently, Foucault and Frésard (2012), using a large sample of U.”
• Culture and R 2 (2014, unknown): “Researchers often focus on the influence of formal institutions, such as legal regimes and accounting disclosures rules, when studying a country’s information environment (e.g., Bushman, Piotroski, and Smith, 2004; Bris et al., 2007; Fernandes and Ferreira, 2009).”