Impact of outsiders and disclosed insider trades

Wei David Zhang

Finance Research Letters, 2008, vol. 5, issue 3, 137-145

Abstract: We analyze a dynamic market where outsiders share part of the information about a security with a corporate insider and update their incomplete information by learning from disclosed insider trades. Particular focus is on the insider's response to increasing number of learning outsiders.

Keywords: Insider; trading; Mandatory; disclosure; Outsiders; learning; Liquidity (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (10)

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