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Insider trading restrictions and analysts' incentives to follow firms

Bushman, Robert M - ; Piotroski, Joseph D - ; Smith, Abbie J - ;

Motivated by extant finance theory predicting that insider trading crowds out private information acquisition by outsiders, we use data for 100 countries for the years 1987-2000 to study whether analyst following in a acountry increases following restriction of insider trading activities. We document that analyst following increases after initial enforcement of insider trading laws. .Printed Journal


Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
Penerbit: The American Finance Association
Edisi-
Subjek-
ISBN/ISSN00221082
Klasifikasi-
Deskripsi Fisik-
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