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Investment Intelligence from Insider Trading

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Learn how to profit from information about insider trading.The term insider trading refers to the stock transactions of the officers, directors, and large shareholders of a firm. Many investors believe that corporate insiders, informed about their firms' prospects, buy and sell their own firm's stock at favorable times, reaping significant profits. Given the extra costs and risks of an active trading strategy, the key question for stock market investors is whether the publicly available insider-trading information can help them to outperform a simple passive index fund.Basing his insights on an exhaustive data set that captures information on all reported insider trading in all publicly held firms over the past twenty-one years--over one million transactions!--H. Nejat Seyhun shows how investors can use insider information to their advantage. He documents the magnitude and duration of the stock price movements following insider trading, determinants of insiders' profits, and the risks associated with imitating insider trading. He looks at the likely performance of individual firms and of the overall stock market, and compares the value of what one can learn from insider trading with commonly used measures of value such as price-earnings ratio, book-to-market ratio, and dividend yield.OCLC-licensed vendor bibliographic record.

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Detail Information

Series Title

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Call Number

650 SEY i

Publisher

Cambridge : : The MIT Press., 1998

Collation

1 online resource (429 pages)

Language

English

ISBN/ISSN

9780262283434

Classification

650

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Insider trading in securities

Specific Detail Info

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Statement of Responsibility

H. Nejat Seyhun

Other Information

Cataloger

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Source

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Validator

maya

Digital Object Identifier (DOI)

https://doi.org/10.7551/mitpress/3951.001.0001

Journal Volume

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Journal Issue

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Subtitle

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