Please use this identifier to cite or link to this item:
Title: Insider trading activities before the simultaneous announcements of earnings and dividends
Authors: Cheng, LTW 
Szeto, RWF
Leung, TY
Issue Date: 2005
Source: Review of Pacific basin financial markets and policies, 2005, v. 8, no. 2, p. 279-307
Abstract: We employ a sample of 3,177 events from Hong Kong industrial firms during the 1993-1999 period to examine insider trading activities around earnings and dividends announcements. By controlling for earnings management, special dividends, and other firm level financial indicators, we find that the presence of insider trading, its trading direction, and its trading intensity are related to the signals of these simultaneous earnings and dividends announcements. Various tests show that our findings are robust regardless of the proxies used for measuring insider trading activities, earnings, and dividend changes.
Keywords: Dividends
Earnings management
Insider trading
Journal: Review of Pacific Basin Financial Markets and Policies 
ISSN: 0219-0915
DOI: 10.1142/S0219091505000385
Appears in Collections:Journal/Magazine Article

View full-text via PolyU eLinks SFX Query
Show full item record


Last Week
Last month
Citations as of Aug 28, 2020

Page view(s)

Last Week
Last month
Citations as of Sep 22, 2020

Google ScholarTM



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.