Ownership Structure and Insider Trading: Evidence from China

In this paper, we examine the information content of insider transactions in China and analyze how ownership structures shape market reaction to these transactions. We find that the cumulative abnormal return (CAR) to insider purchases is a convex function of the percentage of shares owned by the la...

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Authors: He, Qing (Author) ; Rui, Oliver M. (Author)
格式: 电子 文件
语言:English
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出版: Springer Science + Business Media B. V 2016
In: Journal of business ethics
Year: 2016, 卷: 134, 发布: 4, Pages: 553-574
Further subjects:B Audit Quality
B Insider trading
B Ownership structure
B China
B G34
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