View Item 

Show simple item record

Insiders' profits, costs of trading, and market efficiency
dc.contributor.authorSeyhun, H. Nejat (Hasan Nejat)en_US
dc.date.accessioned2006-04-07T19:30:12Z
dc.date.available2006-04-07T19:30:12Z
dc.date.issued1986-06en_US
dc.identifier.citationSeyhun, H. Nejat (1986/06)."Insiders' profits, costs of trading, and market efficiency." Journal of Financial Economics 16(2): 189-212. <http://hdl.handle.net/2027.42/26147>en_US
dc.identifier.urihttp://www.sciencedirect.com/science/article/B6VBX-45MFS8W-19/2/cd26e1b3f294e918265103689ebf7300en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/26147
dc.description.abstractThis study investigates the anomalous findings of the previous insider trading studies that any investor can earn abnormal profits by reading the Official Summary. Availability of abnormal profits to insiders, availability of abnormal profits to outsiders who imitate insiders, determinants of insiders' predictive ability, and effect of insider trading on costs of trading for other investors are examined by using approximately 60,000 insider sale and purchase transactions from 1975 to 1981. Implications for market efficiency and evaluation of abnormal profits to active trading strategies are discussed.en_US
dc.format.extent1612028 bytes
dc.format.extent3118 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.language.isoen_US
dc.publisherElsevieren_US
dc.titleInsiders' profits, costs of trading, and market efficiencyen_US
dc.typeArticleen_US
dc.rights.robotsIndexNoFollowen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationumUniversity of Michigan, Ann Arbor, MI 48109, USAen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/26147/1/0000224.pdfen_US
dc.identifier.doihttp://dx.doi.org/10.1016/0304-405X(86)90060-7en_US
dc.identifier.sourceJournal of Financial Economicsen_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


Files in this item

Name:
0000224.pdf
Size:
1.537MB
Format:
PDF
View/Open

Show simple item record

Remediation of Harmful Language

The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.

Accessibility

If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.