Performance-Effekte nach Directors' Dealings in Deutschland, Italien und den Niederlanden

Thomas Heidorn, Bernd Meyer and Alexander Pietrowiak

No 57, Frankfurt School - Working Paper Series from Frankfurt School of Finance and Management

Abstract: Directors' Dealings have been extensively analysed especially for U.S. and U.K. stock markets. This event study is meant to bridge the gap for Germany, Italy and the Netherlands. The question to be investigated is whether board members and other company insiders earn abnormal returns with market transactions in their company's stocks and whether other market participants can profitably adopt these strategies at the time company insiders make these transactions public.

Keywords: Directors' dealings; insider trading; information efficiency; market efficiency; event study; Europe; stock market (search for similar items in EconPapers)
JEL-codes: G14 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (18)

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