... that insider-trading information has a positive impact on stock market efficiency. Scholars have long analyzed the trading behavior of corporate insiders and, in particular, the performance of insider trades. Extant research suggests that corporate insiders earn abnormal returns from trading shares...

... markets, cricket, market efficiency, mood There is increasing evidence of the inadequacy of 'rational' explanations of asset pricing. It has been established empirically that mood, induced by such natural phenomena as lunar phases or sunshine, affects asset prices. This paper provides evidence from one...