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.
|Place of Publication||Tilburg|
|Number of pages||25|
|Publication status||Published - 2012|
|Name||CentER Discussion Paper|
- Corporate Governance
- Insider Trading
- London Stock Exchange