... 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...

... differences in the risk of informed trading are explained by a firm's governance structure. Research limitations/implications Research finding a trade‐off between CEO compensation and informed trading merits closer examination. Practical implications Limitations on insider trading, and more broadly...