How Insiders Traded before Rules

F. Braggion; L. Moore

How Insiders Traded before Rules

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Abstract

Abstract: U.K. company insiders, such as directors, were legally allowed to trade in the shares of their own companies up until the Companies Act of 1980. We investigate the trading behaviour of directors over the period 1893 to 1907 in the U.K. Although insider trading was profitable, we find relatively few instances of directors who exploited their informational advantage.

Original language	English
Place of Publication	Tilburg
Publisher	Finance
Number of pages	25
Volume	2012-007
Publication status	Published - 2012

Publication series

Name	CentER Discussion Paper
Volume	2012-007

Keywords

Corporate Governance
Insider Trading
London Stock Exchange

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2012-007

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abstract = "Abstract: U.K. company insiders, such as directors, were legally allowed to trade in the shares of their own companies up until the Companies Act of 1980. We investigate the trading behaviour of directors over the period 1893 to 1907 in the U.K. Although insider trading was profitable, we find relatively few instances of directors who exploited their informational advantage.",

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AU - Braggion, F.

AU - Moore, L.

N1 - Pagination: 25

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N2 - Abstract: U.K. company insiders, such as directors, were legally allowed to trade in the shares of their own companies up until the Companies Act of 1980. We investigate the trading behaviour of directors over the period 1893 to 1907 in the U.K. Although insider trading was profitable, we find relatively few instances of directors who exploited their informational advantage.

AB - Abstract: U.K. company insiders, such as directors, were legally allowed to trade in the shares of their own companies up until the Companies Act of 1980. We investigate the trading behaviour of directors over the period 1893 to 1907 in the U.K. Although insider trading was profitable, we find relatively few instances of directors who exploited their informational advantage.

KW - Corporate Governance

KW - Insider Trading

KW - London Stock Exchange

M3 - Discussion paper

VL - 2012-007

T3 - CentER Discussion Paper

BT - How Insiders Traded before Rules

PB - Finance

CY - Tilburg

ER -

How Insiders Traded before Rules

Abstract

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Keywords

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