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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Main Authors: Nasser, Tareque, Gup, Benton E.
Format: Article
Language:English
Published: Universiti Utara Malaysia 2009
Subjects:
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
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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.
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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
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