Empirical evidence on the impact of European insider trading regulations

dc.contributor.author	Estrada, Javier
dc.contributor.author	Peña Sánchez de Rivera, Juan Ignacio
dc.contributor.other	Universidad Carlos III de Madrid. Departamento de Economía de la Empresa
dc.date.accessioned	2014-02-20T09:22:19Z
dc.date.available	2014-02-20T09:22:19Z
dc.date.issued	1995-10
dc.identifier	http://hdl.handle.net/10016/7068
dc.identifier.uri	http://hdl.handle.net/10234/84130
dc.description.abstract	We evaluate in this artic1e the impact of the regulations on insider trading introduced between 1988 and 1994 on ten European securities markets. We consider the temporal behavior and the distributions of abnormal returns, market models, and time series models of time-varying mean returns and volatility, and conclude that the bulk of the evidence suggests that these regulationsı have had little (if any) impact on the series of returns of the markets in our sample.
dc.format.mimetype	application/pdf
dc.language.iso	eng
dc.relation.isPartOfSeries	UC3M Working papers. Business Economics
dc.relation.isPartOfSeries	95-46-06
dc.relation.hasVersion	http://e-archivo.uc3m.es/handle/10016/7180
dc.rights.uri	http://rightsstatements.org/vocab/CNE/1.0/	*
dc.subject	Empresa
dc.subject.other	Insider trading
dc.subject.other	Securities regulation
dc.subject.other	EU directives
dc.title	Empirical evidence on the impact of European insider trading regulations
dc.type	info:eu-repo/semantics/workingPaper
dc.rights.accessRights	info:eu-repo/semantics/openAccess

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