๐”– Bobbio Scriptorium
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The indefensibility of insider trading

โœ Scribed by Patricia H. Werhane

Publisher
Springer
Year
1991
Tongue
English
Weight
206 KB
Volume
10
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