๐”– Bobbio Scriptorium
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The Harm From Insider Trading and Informed Speculation

โœ Scribed by Michael Manove


Book ID
124317353
Publisher
MIT Press
Year
1989
Tongue
English
Weight
412 KB
Volume
104
Category
Article
ISSN
0033-5533

No coin nor oath required. For personal study only.


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In this study we integrate evidence about managers' personal beliefs about their firms' prospects into an analysis of managerial decisions on acquisitions and takeover resistance. We examine insider trading (a proxy for personal beliefs) around significant corporate acquisitions and find little cros