The World Price of Insider Trading  

Oleh:

Daouk, Hazem ; Bhattacharya, Utpal

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 57 no. 1 (2002), page 75-108.
Topik: trading; insider trading; law enforcement; studies; many countries; equity
Fulltext: p 75.pdf (261.6KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The existence and the enforcement of insider trading laws in stock markets is a phenomenon of the 1990s. A study of the 103 countries that have stock markets reveals that insider trading laws exist in 87 of them. Before 190, as evidenced by prosecutions has taken place in only 39 of them. Before 1990, the respective numbers were 34 and 9. We find tat the cost of equity in a country, after controlling for a number of other variables, does not change after the itnroduction of insider trading laws, but decrease significantly after the first prosecution.

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