Matches in SemOpenAlex for { <https://semopenalex.org/work/W181635510> ?p ?o ?g. }
Showing items 1 to 90 of
90
with 100 items per page.
- W181635510 abstract "Hardly anything is known about how bond market participants react to insider stock trades. Our study attempts to fill this gap by analyzing the bond market reaction around insider transactions in U.S. firms during the period from 2002 to 2009. Our dataset covers 993 stock purchases and 6,562 stock sales by corporate insiders. We employ event study methodology to determine the cumulative abnormal bond price returns in a number of predetermined subperiods around the publication date and find that insider purchases negatively influence corporate bond prices, whereas insider sales appear to convey a positive signal to the bond market. The results for purchases are most obvious for financial firms and for investment grade firms; the results for sales are larger in the subsamples including non-financial firms and non-investment grade firms. For both purchases and sales the effect is largest when the transactions are executed by CEO-Chairmen or during the crisis period. The results of our regression analysis support the findings from the event study and reveal that purchases related to benefit plans transmit a less negative signal to the market than other purchases." @default.
- W181635510 created "2016-06-24" @default.
- W181635510 creator A5024743755 @default.
- W181635510 creator A5040009547 @default.
- W181635510 creator A5057290548 @default.
- W181635510 creator A5080206786 @default.
- W181635510 date "2015-11-16" @default.
- W181635510 modified "2023-09-23" @default.
- W181635510 title "Insider Stock Trading and the Bond Market" @default.
- W181635510 hasPublicationYear "2015" @default.
- W181635510 type Work @default.
- W181635510 sameAs 181635510 @default.
- W181635510 citedByCount "1" @default.
- W181635510 countsByYear W1816355102021 @default.
- W181635510 crossrefType "posted-content" @default.
- W181635510 hasAuthorship W181635510A5024743755 @default.
- W181635510 hasAuthorship W181635510A5040009547 @default.
- W181635510 hasAuthorship W181635510A5057290548 @default.
- W181635510 hasAuthorship W181635510A5080206786 @default.
- W181635510 hasConcept C10138342 @default.
- W181635510 hasConcept C106159729 @default.
- W181635510 hasConcept C127413603 @default.
- W181635510 hasConcept C12958728 @default.
- W181635510 hasConcept C144133560 @default.
- W181635510 hasConcept C151730666 @default.
- W181635510 hasConcept C162324750 @default.
- W181635510 hasConcept C17744445 @default.
- W181635510 hasConcept C19244329 @default.
- W181635510 hasConcept C197142791 @default.
- W181635510 hasConcept C199539241 @default.
- W181635510 hasConcept C204036174 @default.
- W181635510 hasConcept C2778971194 @default.
- W181635510 hasConcept C2779343474 @default.
- W181635510 hasConcept C2780299701 @default.
- W181635510 hasConcept C2780762169 @default.
- W181635510 hasConcept C2780999293 @default.
- W181635510 hasConcept C2781078320 @default.
- W181635510 hasConcept C556758197 @default.
- W181635510 hasConcept C69738904 @default.
- W181635510 hasConcept C73283319 @default.
- W181635510 hasConcept C78519656 @default.
- W181635510 hasConcept C86803240 @default.
- W181635510 hasConceptScore W181635510C10138342 @default.
- W181635510 hasConceptScore W181635510C106159729 @default.
- W181635510 hasConceptScore W181635510C127413603 @default.
- W181635510 hasConceptScore W181635510C12958728 @default.
- W181635510 hasConceptScore W181635510C144133560 @default.
- W181635510 hasConceptScore W181635510C151730666 @default.
- W181635510 hasConceptScore W181635510C162324750 @default.
- W181635510 hasConceptScore W181635510C17744445 @default.
- W181635510 hasConceptScore W181635510C19244329 @default.
- W181635510 hasConceptScore W181635510C197142791 @default.
- W181635510 hasConceptScore W181635510C199539241 @default.
- W181635510 hasConceptScore W181635510C204036174 @default.
- W181635510 hasConceptScore W181635510C2778971194 @default.
- W181635510 hasConceptScore W181635510C2779343474 @default.
- W181635510 hasConceptScore W181635510C2780299701 @default.
- W181635510 hasConceptScore W181635510C2780762169 @default.
- W181635510 hasConceptScore W181635510C2780999293 @default.
- W181635510 hasConceptScore W181635510C2781078320 @default.
- W181635510 hasConceptScore W181635510C556758197 @default.
- W181635510 hasConceptScore W181635510C69738904 @default.
- W181635510 hasConceptScore W181635510C73283319 @default.
- W181635510 hasConceptScore W181635510C78519656 @default.
- W181635510 hasConceptScore W181635510C86803240 @default.
- W181635510 hasOpenAccess W181635510 @default.
- W181635510 hasRelatedWork W1494011424 @default.
- W181635510 hasRelatedWork W1706279337 @default.
- W181635510 hasRelatedWork W1936062045 @default.
- W181635510 hasRelatedWork W2015650821 @default.
- W181635510 hasRelatedWork W2016111436 @default.
- W181635510 hasRelatedWork W2041852176 @default.
- W181635510 hasRelatedWork W2054075404 @default.
- W181635510 hasRelatedWork W2077066086 @default.
- W181635510 hasRelatedWork W2082939845 @default.
- W181635510 hasRelatedWork W2088072403 @default.
- W181635510 hasRelatedWork W2100433076 @default.
- W181635510 hasRelatedWork W2109609060 @default.
- W181635510 hasRelatedWork W2920789326 @default.
- W181635510 hasRelatedWork W3036267093 @default.
- W181635510 hasRelatedWork W3121485311 @default.
- W181635510 hasRelatedWork W3126521419 @default.
- W181635510 hasRelatedWork W3211940445 @default.
- W181635510 hasRelatedWork W923864563 @default.
- W181635510 hasRelatedWork W2612958923 @default.
- W181635510 hasRelatedWork W3128170991 @default.
- W181635510 isParatext "false" @default.
- W181635510 isRetracted "false" @default.
- W181635510 magId "181635510" @default.
- W181635510 workType "article" @default.