We develop a theory of income and payout smoothing by firms when insiders know more about income than outside shareholders, but property rights ensure...
We examine insider trading profitability and common identity between insiders and top executives. In particular, we argue that common gender and the...
The current law on insider trading is arbitrary and unrationalized in its limited scope in a number of respects. For example, if a thief breaks into your...
Bankers are directors of Federal Reserve Banks. I document that a) banker directors of the New York Fed attend more meetings about the financial sector;...
This article deals with the self-insider, i.e. the possible creation of the inside information by a person and its (abusive) exploitation. It describes...
The 2014 decision of the European Court of Human Rights in the case ?Grande Stevens
and Others v. Italy? raises numerous complex issues concerning the...
The chapter provides an overview on EU Insider Law. It includes comparative remarks on US and explores insider law under the EU Markets in Crypto Assets...
Since 1914, bankers have been sitting on the boards of Federal Reserve Banks. Whether this arrangement serves private or public interests is a...Read more
Following news reports about executives selling shares in their corporations to avoid losses due to the pandemic, a new study takes a closer look...Read more