Holding privileged positions within firms, insiders can acquire excessive private benefits
based on their informational advantage. The bonding hypothesis suggests that this can be …

Exploring a unique database on insider trading in Belgium, we investigate whether high-
quality corporate communication contributes to reducing insider trading profitability and …

This paper develops a theoretical model to investigate strategic trading and price efficiency
when an asset is simultaneously traded in two markets. Extending the multi-market …

We analyse the trading behaviour of insiders before the termination of IPO lockup
arrangements of a sample of 831 IPOs on the London Stock Exchange over the period 1999 …

The paper examines the impact of American Depositary Receipt (ADR) listings on the return
of underlying domestic stocks of six emerging markets from Asia and Latin America and they …

The United States and Canada were among the earliest countries to ban insider trading. In
spite of the legal prohibitions on trading by corporate insiders on the basis of material …

This empirical study examines the role of corporate boards, ownership structure, and
executive pay on illegal insider trading in the Netherlands. We use a unique dataset …

Using a Canadian dataset, we examine the market reaction to insider transactions to
discover if the market reacts with greater certainty to specific types of insider trades. Our …

This thesis provides a theoretical and empirical explanation of the underpricing
phenomenon in Initial Public Offerings (IPOs) by using data from the US Stock Exchanges. A …

We document that the average lockup of 365 days in the UK is higher than the US 180 days
and many insiders trade within the lockup period. We find that prestigious underwriters and …