Insider Trading, News Releases and Ownership Concentration

By Jana P. Fidrmuc, M. Goergen, Luc Renneboog. 2006

446 citations recorded by the source corpus.

Subfields: Marketing

View Paper: https://www.semanticscholar.org/paper/f23b0ab3ab5ffc91af96d35b48a0153b0fc3ab05

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Citations in the corpus

• Legal Insider Trading and Market Efficiency (2008, unknown): “, 2003; Fidrmuc et al., 2006). Second, insiders may sell stock when the market is dominated by the buy side, probably due to positive public announcements. Indeed, Huddart et al. (2007) have documented that insiders sell after good earnings announcements.”
• Opportunity makes a thief (2018, background): “Seyhun (1986), Fidrmuc et al. (2006) and Betzer & Theissen (2007), similarly making use of the transaction date as event period zero and somewhat similar time period, all find a positive CARP (in the magnitude of 0.13% - 5.84”
• Asymmetric Information and Corporate Social Responsibility (2016, background): “Other studies on the U.K. and German markets report an even lower average number of insider purchases (sales) per firm and year, with 1.49 (1.09) for the United Kingdom and 1.6 (1.36) for Germany (Betzer & Theissen, 2009; Fidrmuc et al., 2006).”
• Decoding Inside Information (2012, unknown): “6 See also Fidrmuc, Goergen, and Renneboog (2006), and Elliott, Morse, and Richardson (1984) for other evidence of insiders trading around news events.”
• Mandatory IFRS Adoption and Financial Statement Comparability (2013, background): “Prior research (both in the US and UK) documents that insiders’ purchase transactions have a stronger association with subsequent stock returns than insiders’ sales transactions (Lakonishok and Lee 2001; Fidrmuc et al. 2006).”
• Institutional Stock Trading on Loan Market Information (2011, unknown): “For crosscountry differences in the regulation of insider trading, see Bhattacharya and Daouk (2002) and Fidrmuc, Goergen, and Renneboog (2006).”
• Opportunism as a Firm and Managerial Trait: Predicting Insider Trading Profits and Misconduct (2017, background): “Fidrmuc et al. (2006) provide further evidence of insider trading near the times of corporate news events.”
• Corporate governance and the profitability of insider trading (2016, unknown): “20 Fidrmuc et al. (2006) find that the market reaction to insider trading filings is positively associated with institutional ownership in the U.”