Another Welfare Effect of Insider Trading? An Empirical Analysis of Insider Trading Around Seasoned Equity Offering in Japan

2016 ◽  
Author(s):  
Hatsuru Morita
Keyword(s):  
Empirical Analysis ◽  
Insider Trading ◽  
Welfare Effect ◽  
Seasoned Equity Offering ◽  
Equity Offering

scholarly journals New Evidence On The Effectiveness Of The Insider Trading Sanctions Act Of 1984

2011 ◽  
Vol 17 (2) ◽  
Author(s):  
Michael Gombola ◽  
Hei Wai Lee ◽  
Feng-Ying Liu
Keyword(s):  
Insider Trading ◽  
Strong Evidence ◽  
Trading Behavior ◽  
Font Size ◽  
Limited Evidence ◽  
Seasoned Equity Offering ◽  
New Approach ◽  
Announcement Date ◽  
New Evidence ◽  
Equity Offering

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="letter-spacing: -0.15pt;"><span style="font-size: x-small;"><span style="font-family: Batang;">This study examines the effectiveness of the Insider Trading Sanctions Act (ITSA) of 1984 by employing a new approach. This approach examines the effect of ITSA in changing insider trading behavior around seasoned equity offering (SEO) announcements. Results of this study provide strong evidence of deferred net selling by insiders until after the SEO announcement date. Deferred net selling is evident for both the pre-ITSA and post-ITSA periods. We find limited evidence showing that the deferred net selling is significantly increased after passage of ITSA. Any effect of ITSA predominantly affects broad trading, rather than concentrated trading.</span></span></span></p>

Insider Trading and Pay-Performance Sensitivity: An Empirical Analysis

2005 ◽  
Vol 32 (9-10) ◽  
pp. 1887-1919 ◽  
Author(s):  
Wei Zhang ◽  
Steven F. Cahan ◽  
Arthur C. Allen
Keyword(s):  
Empirical Analysis ◽  
Insider Trading ◽  
Performance Sensitivity

scholarly journals An Empirical Analysis of Legal Insider Trading in The Netherlands

De Economist ◽  
2013 ◽  
Vol 162 (1) ◽  
pp. 71-103 ◽  
Author(s):  
Hans Degryse ◽  
Frank de Jong ◽  
Jérémie Lefebvre
Keyword(s):  
The Netherlands ◽  
Empirical Analysis ◽  
Insider Trading

Evidence of Selling by Managers after Seasoned Equity Offering Announcements

1997 ◽  
Vol 26 (3) ◽  
pp. 37 ◽  
Author(s):  
Michael Gombola ◽  
Hei Wai Lee ◽  
Feng-Ying Liu
Keyword(s):  
Seasoned Equity Offering ◽  
Equity Offering
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