๐”– Bobbio Scriptorium
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The Cultures of Insider Trading

โœ Scribed by Meir Statman

Publisher
Springer
Year
2008
Tongue
English
Weight
110 KB
Volume
89
Category
Article
ISSN
0167-4544

No coin nor oath required. For personal study only.

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## Abstract This article investigates whether financial derivative usage by Australian corporations constitutes information asymmetry when proxied by profitable trading in the firms' securities by insiders. The findings show that insiders who trade in companies that employ derivatives make larger p