Insider Trading and Large Chapter 11 Bankruptcies in Usa
The Enron and WorldCom debacles raised questions about the state of corporate governance in the United States.Insider trading is one aspect of corporate governance highlighted in these cases. In this paper, we explore insider trading of large Chapter 11 bankruptcy filing firms during the twelve-year...
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Format: | Article |
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Universiti Utara Malaysia
2009
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Online Access: | https://repo.uum.edu.my/id/eprint/25087/1/IJBF%205%202%202008%201%2029.pdf |
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author | Nasser, Tareque Gup, Benton E. |
author_facet | Nasser, Tareque Gup, Benton E. |
author_sort | Nasser, Tareque |
collection | UUM |
description | The Enron and WorldCom debacles raised questions about the state of corporate governance in the United States.Insider trading is one aspect of corporate governance highlighted in these cases. In this paper, we explore insider trading of large Chapter 11 bankruptcy filing firms during the twelve-year period of 1995-2006. We find that insiders in these firms, on average, do not use private information for gain or loss avoidance. |
first_indexed | 2024-07-04T06:28:44Z |
format | Article |
id | uum-25087 |
institution | Universiti Utara Malaysia |
language | English |
last_indexed | 2024-07-04T06:28:44Z |
publishDate | 2009 |
publisher | Universiti Utara Malaysia |
record_format | dspace |
spelling | uum-250872018-10-31T00:55:29Z https://repo.uum.edu.my/id/eprint/25087/ Insider Trading and Large Chapter 11 Bankruptcies in Usa Nasser, Tareque Gup, Benton E. HG Finance The Enron and WorldCom debacles raised questions about the state of corporate governance in the United States.Insider trading is one aspect of corporate governance highlighted in these cases. In this paper, we explore insider trading of large Chapter 11 bankruptcy filing firms during the twelve-year period of 1995-2006. We find that insiders in these firms, on average, do not use private information for gain or loss avoidance. Universiti Utara Malaysia 2009 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/25087/1/IJBF%205%202%202008%201%2029.pdf Nasser, Tareque and Gup, Benton E. (2009) Insider Trading and Large Chapter 11 Bankruptcies in Usa. The International Journal of Banking and Finance, 5 (2). pp. 1-29. ISSN 1617-722 http://ijbf.uum.edu.my/index.php/previous-issues/136-the-international-journal-of-banking-and-finance-ijbf-vol-5-no-2-2008 |
spellingShingle | HG Finance Nasser, Tareque Gup, Benton E. Insider Trading and Large Chapter 11 Bankruptcies in Usa |
title | Insider Trading and Large Chapter 11 Bankruptcies in Usa |
title_full | Insider Trading and Large Chapter 11 Bankruptcies in Usa |
title_fullStr | Insider Trading and Large Chapter 11 Bankruptcies in Usa |
title_full_unstemmed | Insider Trading and Large Chapter 11 Bankruptcies in Usa |
title_short | Insider Trading and Large Chapter 11 Bankruptcies in Usa |
title_sort | insider trading and large chapter 11 bankruptcies in usa |
topic | HG Finance |
url | https://repo.uum.edu.my/id/eprint/25087/1/IJBF%205%202%202008%201%2029.pdf |
work_keys_str_mv | AT nassertareque insidertradingandlargechapter11bankruptciesinusa AT gupbentone insidertradingandlargechapter11bankruptciesinusa |