Insider trading, costly monitoring, and managerial incentives

Insider trading, costly monitoring, and managerial incentives

We derive conditions under which permitting manager “insiders” to trade on personal account increases the equilibrium level of output and the welfare of shareholders. These increases are produced by two effects of insider trading. First, insider trading impounds information about hidden managerial a...

Descrizione completa

Dettagli Bibliografici
Autori principali:	Noe, T, Hu, J
Natura:	Journal article
Pubblicazione:	2001

Documenti analoghi

Managerial incentives and corporate control
di: Novaes, Walter
Pubblicazione: (2005)

Managerial incentives : on the near optimality of linearity
di: Diamond, Peter A.
Pubblicazione: (2011)

Managerial incentives : on the near optimality of linearity
di: Diamond, Peter A.
Pubblicazione: (2011)

Managerial incentives and control in public enterprises
di: Navajas, F, et al.
Pubblicazione: (1985)

Business strategy, human capital, and managerial incentives.
di: Mailath, G, et al.
Pubblicazione: (2004)

Managerial ability, compensation incentives, and corporate performance
di: Sidi Chen, et al.
Pubblicazione: (2023-03-01)

West meets east: Understanding managerial incentives in Chinese SOEs
di: Qingquan Xin, et al.
Pubblicazione: (2019-06-01)

Corrigendum: Managerial ability, compensation incentives, and corporate performance
di: Sidi Chen, et al.
Pubblicazione: (2023-09-01)

The Effect of Incentives and Non-Financial Performance on Managerial Performance
di: Okta Malinda, et al.
Pubblicazione: (2019-04-01)

Managerial ownership, horizontal agency costs and monitoring mechanisms
di: Arowolo, Rachael Oluyemisi
Pubblicazione: (2016)

Insider trading
di: Attila Balogh
Pubblicazione: (2023-04-01)

Managerial Standard Costing
di: J. Batty
Pubblicazione: (1971-02-01)

Multidimensional and Multicausal Approach of Managerial Change inside Organisations
di: Ovidiu NICOLESCU
Pubblicazione: (2009-12-01)

Effect of Horizontal-Agency-Costs and Managerial Ownership on Monitoring Mechanisms
di: Rachael Oluyemisi Arowolo, et al.
Pubblicazione: (2016-10-01)

Effect of Horizontal-Agency-Costs and Managerial Ownership on Monitoring Mechanisms
di: Rachael Oluyemisi Arowolo, et al.
Pubblicazione: (2016-11-01)

Effect of Horizontal-Agency-Costs and Managerial Ownership on Monitoring Mechanisms
di: Rachael Oluyemisi Arowolo, et al.
Pubblicazione: (2016-11-01)

Effect of Horizontal-Agency-Costs and Managerial Ownership on Monitoring Mechanisms
di: Rachael Oluyemisi Arowolo, et al.
Pubblicazione: (2016-11-01)

INCENTIVES AND DISINCENTIVES IMPACT ON MANAGERIAL COMMUNICATION - A SYSTEMIC-CYBERNETIC TREATMENT
di: GHEORGHIȚA ,Maria, et al.
Pubblicazione: (2023-07-01)

Managerial Incentives in Price-Setting Mixed Duopoly Model with Complementary Goods
di: Kazuhiro Ohnishi
Pubblicazione: (2021-05-01)

Insider trading and informed trading patterns
di: G. Pyo
Pubblicazione: (2022-02-01)

Cost and managerial accounting /
di: 181528 Hartley, Ronald V.
Pubblicazione: (1986)

Managerial cost accounting /
di: 346296 Bierman, Harold, et al.
Pubblicazione: (1976)

Corporate Finance, Incentives, and Strategy
di: Noe, T
Pubblicazione: (2000)

SELECTIVE INCENTIVES AND TRADE UNION DENSITY
di: Nora Ilona Elek
Pubblicazione: (2016-07-01)

Economic incentives for the wildlife trade and costs of epidemics compared across individual, national, and global scales
di: Luz A. deWit, et al.
Pubblicazione: (2022-07-01)

Interrelationships among managerial incentives, leverage, dividend and performance of public listed companies in Malaysia
di: Ghasemi, Maziar
Pubblicazione: (2016)

Dataset on managerial incentives and bank performance: Evidence from Nigerian deposit money banks
di: Olorunfemi Adebisi Onakoya, et al.
Pubblicazione: (2018-08-01)

Monitoring and managerial discretion effects on agency costs: Evidence from an emerging economy
di: Jorge Andrés Muñoz Mendoza, et al.
Pubblicazione: (2021-05-01)

Learning to Trade with Insider Information
di: Das, Sanmay
Pubblicazione: (2005)

Corporate governance and insider trading
di: Rozanov, Konstantin A
Pubblicazione: (2009)

Insider trading in the KLSE market.
di: Lim, Sylvia Li Shin., et al.
Pubblicazione: (2008)

What inside trading really is?
Pubblicazione: (2008)

Insider Trading and Corporate Spinoffs
di: Ding, David K., et al.
Pubblicazione: (2023)

The regulation of insider trading in Malaysia /
di: 179142 Kang, Shew Meng
Pubblicazione: (2000)

INSIDER TRADING AND CORPORATE SPINOFFS
di: Charlie Charoenwong, et al.
Pubblicazione: (2023-06-01)

The agency origins of insider trading
di: Sinclair Davidson, et al.
Pubblicazione: (1991-12-01)

Incentive-Driven Energy Trading in the Smart Grid
di: Ke Zhang, et al.
Pubblicazione: (2016-01-01)

Renegotiation, investment horizons, and managerial discretion
di: Noe, T, et al.
Pubblicazione: (1997)

Renegotiation, investment horizons, and managerial discretion
di: Noe, T, et al.
Pubblicazione: (1997)

Producer Incentives in Cost Allocation.
di: Young, H
Pubblicazione: (1985)