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
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Abstract
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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Insider trading, Bankruptcy, and Corporate governance |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | School of Economics, Finance & Banking |
| Depositing User: | Mrs. Norazmilah Yaakub |
| Date Deposited: | 31 Oct 2018 00:55 |
| Last Modified: | 31 Oct 2018 00:55 |
| URI: | https://repo.uum.edu.my/id/eprint/25087 |
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