How insiders traded before rules
Year: 2013
Type: article
Abstract: U.K. company insiders, such as directors, were legally allowed to trade in the shares of their own companies up until the Companies Act of 1980. We investigate the trading behaviour of directors over the period 1893 to 1907 in the U.K. Although insider trading was profitable, we find relatively few instances of directors who exploited their informational advantage.
Source: Business History
Authors: Fabio Braggion, Lyndon Moore
Institutions: Tilburg University, The University of Melbourne
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3121375567