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Regulation, Insider Trading And Stock Market Reaction. What Do We Know?

Author

Listed:
  • MARIUS CRISTIAN MILOS

    (WEST UNIVERSITY OF TIMISOARA)

  • LAURA RAISA MILOS

    (UNIVERSITY EFTIMIE MURGU OF RESITA)

Abstract

A large number of theoretical papers have focused on finding the right regulatory inputs that trigger the development of domestic stock markets. The majority of empirical papers find a positive connection between investor protection and stock market development, proxied by turnover, market capitalization or volatility. When talking about investor protection, insider trading oftenly appears as a major research objective when proving the beneficial role of regulation on stock markets. The objective of this paper is to review the main arguments that were brought for and against insider trading regulation, alongside analyzing the documented cases of market reaction to the introduction and enforcement of insider trading disclosure.

Suggested Citation

  • Marius Cristian Milos & Laura Raisa Milos, 2017. "Regulation, Insider Trading And Stock Market Reaction. What Do We Know?," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 174-179, December.
    • Handle: RePEc:cbu:jrnlec:y:2017:v:1special:p:174-179
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    References listed on IDEAS

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