Does Insider Trading Raise Market Volatility? /

This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. The central finding is that countries with more prevalent insider trading have more volatile stock markets, even after one controls for liquidity/maturity of the market and the volatili...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Wei, Shang-Jin
Beste egile batzuk: Du, Julan
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2003.
Saila:IMF Working Papers; Working Paper ; No. 2003/051
Sarrera elektronikoa:Full text available on IMF
LEADER 01581cas a2200253 a 4500
001 AALejournalIMF002288
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451847130 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Wei, Shang-Jin. 
245 1 0 |a Does Insider Trading Raise Market Volatility? /  |c Shang-Jin Wei, Julan Du. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2003. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. The central finding is that countries with more prevalent insider trading have more volatile stock markets, even after one controls for liquidity/maturity of the market and the volatility of the underlying fundamentals (volatility of real output and of monetary and fiscal policies). Moreover, the effect of insider trading is quantitively significant when compared with the effect of economic fundamentals. 
538 |a Mode of access: Internet 
700 1 |a Du, Julan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/051 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/051/001.2003.issue-051-en.xml  |z IMF e-Library