Heidorn, Thomas Meyer, Bernd Pietrowiak, Alexander
Arbeitsberichte der Hochschule für Bankwirtschaft 57
Directors' Dealings have been extensively analysed especially for U.S. and U.K. stock markets. This event study is meant to bridge the gap for Germany, Italy and the Netherlands. The question to be investigated is whether board members and other company insiders earn abnormal returns with market transactions in their company's stocks and whether other market participants can profitably adopt these strategies at the time company insiders make these transactions public.
Directors' dealings insider trading information efficiency market efficiency event study Europe stock market