Insider Trading Regulation in Transition Economies
Robert McGee
Chapter 7 in Corporate Governance in Transition Economies, 2008, pp 53-69 from Springer
Abstract:
Insider trading is generally perceived as evil or at least unethical. The press and television show people being arrested and led away in handcuffs for engaging in it. The media has nothing good to say about the practice. Politicians enhance their careers by being against it. Commentators make it sound like all insider trading is illegal. Yet some forms of insider trading are perfectly legal (Shell 2001) and some kinds of insider trading are not unethical. In other words, there is a widespread misperception on the part of the public about insider trading. This misperception has spread to the transition economies that are in the process of converting from centrally planned systems to market systems. This is unfortunate, since there is evidence to suggest that at least some kinds of insider trading are healthy and beneficial for an economy. Thus, transition economies that blindly outlaw all insider trading are unknowingly harming themselves and doing an injustice to the people they are supposed to represent.
Keywords: Corporate Governance; International Monetary Fund; Transition Economy; Inside Trading; Fiduciary Duty (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-84831-0_7
Ordering information: This item can be ordered from
http://www.springer.com/9780387848310
DOI: 10.1007/978-0-387-84831-0_7
Access Statistics for this chapter
More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().