... and with a high Fog Index. Additionally, we propose a channel via informed trading to explain this pattern. That is, inquiry letters can diminish informed trading, resulting in less price-based feedback from the market to managers. Consequently, this may lead to a lower investment efficiency, i.e. less efficient...

...Hamed Khadivar; Frederick Davis; Thomas Walker Purpose In this paper, the authors examine options trading in firms that soon become rumored takeover targets. This study also examines whether measures of informed trading can predict target returns (upon rumor announcement and over the post-rumor...

...Van Le Purpose The purpose of this paper is to examine the effect of short-sale restrictions (SSR) with particular emphasis on their impact on the liquidity and informed trading in the stock and option markets. Design/methodology/approach Using a panel regression with controls for volatility...

... have a preference for bearing a price rather than an execution risk. Fei Wu can be contacted at: fwu@jxufe.edu.cn © Emerald Group Publishing Limited 2012 United States of America Equity capital Stocks and shares Order type Informed trading Price risk Execution risk We...

... 2012 Short selling Informed trading Insider trading Selling Trade Before we test our competing hypotheses, we present correlation coefficients for the two measures of daily short‐selling activity in Table II . The correlation between the short‐selling measure for the current day...