Insider Trading, Market Efficiency, and Regulation - A Literature Review
Journal Title: The Review of Finance and Banking - Year 2014, Vol 6, Issue 1
Abstract
The paper reviews the existing studies on insider trading, market efficiency, and regulation. We suggest that insider trading information is useful to escalate the price discovery. However, most of studies on insider trading are concentrated on developed markets. Hence, the paper identifies areas where research is needed. We show that insider trading issue should be evaluated on emerging markets so that proper regulation on insider trading can be framed.
Authors and Affiliations
Yogesh Chauhan, Chakrapani Chaturvedula, Viswanathan Iyer
Keywords
Related Articles
- EP ID EP592299
- DOI -
- Views 161
- Downloads 0
Dividend policy and socio-cultural factors: some preliminary findings
This study analyzes the impact of socio-cultural factors on dividend policy in 83 countries, for 12,150 companies in the period of 2009-2013. Using a hierarchical linear modelling it is noticed that there is a significan...
Assessing competition in the European Union banking sector
The current paper provides new insights on competition degree among 2,024 commercial, cooperative and savings banks from the 28 European Union states during 2005-2015. Bank-level Lerner index, its efficiency-adjusted for...
The Month-of-the-Year Effect in Post-Communist East European Stock Markets
This paper studies the month-of-the-year (MOY) effect between 2004 and 2014, also considering the impact of the 2008 crisis. MOYis present in most East European countries, but the patterns changebetween countries and, al...
Monetary Policy Rules for a Developing Countries: Evidence from Tunisia
This paper estimates the forward-looking monetary policy reaction function of the Central Bank of Tunisia (CBT) using quarterly data from 1993:Q2 to 2011:Q4. Policies which the CBT applied are analyzed according to the T...
Empirical Comparison of Robust Portfolios’ Investment Effects
The purpose of this article is to assess whether correct application of robust estimators in construction of minimum variance portfolios’ (MVP) allows to achieve better investment results in comparison with portfolios de...