FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W200721922> ?p ?o ?g. }

• W200721922 abstract "Abstract Based on the theory of information asymmetry, this paper studies the predictive power of Chinese insider trading on a stock’s future medium- and long-term abnormal returns. The evidence shows that as a whole, Chinese insider trading can predict a stock’s future return in the medium term as well as in the long term, but this predictive ability is affected by factors such as the company’s political connections and analyst following and the ownership nature of its controller. In detail, the insider trading of companies with high-level political connections has significantly higher informativeness than that of non-politically connected companies, but the insider trading of companies with low-level political connections is not informative. Moreover, the effect of high-level political connections on the informativeness of insider trading is related to the ownership nature of the corporate controller. Among high-level politically connected companies, privately controlled companies’ insider trading has significantly higher informativeness than that of state-controlled companies. Analyst following significantly decreases the informativeness of corporate insider trading, but it fails to decrease to a larger extent the informativeness of the insider trading of companies with high-level political connections. This paper makes two main contributions to the literature. First, considering China’s special institutional background, it studies the impact of political connections on corporate insider trading, thereby expanding the perspective of insider trading research worldwide. Second, it is the first time in Chinese research that the positive effect of analyst following on reducing corporate information asymmetry has been tested from the perspective of insider trading, and thus the paper enriches China’s literature on securities analysts. What is more, our findings not only remind investors about the different levels of informativeness among different types of insider trading to help them in obtaining medium- to long-term abnormal returns but also give suggestions to securities market regulators on the types of corporate insider trading that should be monitored more." @default.
• W200721922 created "2016-06-24" @default.
• W200721922 creator A5007994308 @default.
• W200721922 creator A5045439075 @default.
• W200721922 date "2013-09-01" @default.
• W200721922 modified "2023-10-18" @default.
• W200721922 title "Political Connections, Analyst Following, and the Informativeness of Insider Trading in China" @default.
• W200721922 cites W1576413885 @default.
• W200721922 cites W1963421924 @default.
• W200721922 cites W1965441138 @default.
• W200721922 cites W2003859151 @default.
• W200721922 cites W2020666351 @default.
• W200721922 cites W2033050213 @default.
• W200721922 cites W2053640051 @default.
• W200721922 cites W2067154393 @default.
• W200721922 cites W2077066086 @default.
• W200721922 cites W2087955180 @default.
• W200721922 cites W2092439851 @default.
• W200721922 cites W2093099013 @default.
• W200721922 cites W2096552260 @default.
• W200721922 cites W2098228413 @default.
• W200721922 cites W2098630070 @default.
• W200721922 cites W2125520394 @default.
• W200721922 cites W2144487825 @default.
• W200721922 cites W2148171397 @default.
• W200721922 cites W2162133176 @default.
• W200721922 cites W3121235470 @default.
• W200721922 cites W3121279693 @default.
• W200721922 cites W3121304433 @default.
• W200721922 cites W3121335362 @default.
• W200721922 cites W3121440286 @default.
• W200721922 cites W3121672454 @default.
• W200721922 cites W3121736574 @default.
• W200721922 cites W3123062772 @default.
• W200721922 cites W3124198244 @default.
• W200721922 cites W3124732737 @default.
• W200721922 cites W3124760321 @default.
• W200721922 cites W3125383637 @default.
• W200721922 cites W3125757792 @default.
• W200721922 cites W3125876072 @default.
• W200721922 cites W3126088095 @default.
• W200721922 doi "https://doi.org/10.7603/s40570-013-0008-5" @default.
• W200721922 hasPublicationYear "2013" @default.
• W200721922 type Work @default.
• W200721922 sameAs 200721922 @default.
• W200721922 citedByCount "2" @default.
• W200721922 countsByYear W2007219222018 @default.
• W200721922 countsByYear W2007219222022 @default.
• W200721922 crossrefType "journal-article" @default.
• W200721922 hasAuthorship W200721922A5007994308 @default.
• W200721922 hasAuthorship W200721922A5045439075 @default.
• W200721922 hasBestOaLocation W2007219221 @default.
• W200721922 hasConcept C10138342 @default.
• W200721922 hasConcept C106159729 @default.
• W200721922 hasConcept C121955636 @default.
• W200721922 hasConcept C127413603 @default.
• W200721922 hasConcept C137577040 @default.
• W200721922 hasConcept C144133560 @default.
• W200721922 hasConcept C162324750 @default.
• W200721922 hasConcept C172428447 @default.
• W200721922 hasConcept C17744445 @default.
• W200721922 hasConcept C191935318 @default.
• W200721922 hasConcept C199539241 @default.
• W200721922 hasConcept C204036174 @default.
• W200721922 hasConcept C2778971194 @default.
• W200721922 hasConcept C2781078320 @default.
• W200721922 hasConcept C556758197 @default.
• W200721922 hasConcept C78508483 @default.
• W200721922 hasConcept C78519656 @default.
• W200721922 hasConcept C94625758 @default.
• W200721922 hasConceptScore W200721922C10138342 @default.
• W200721922 hasConceptScore W200721922C106159729 @default.
• W200721922 hasConceptScore W200721922C121955636 @default.
• W200721922 hasConceptScore W200721922C127413603 @default.
• W200721922 hasConceptScore W200721922C137577040 @default.
• W200721922 hasConceptScore W200721922C144133560 @default.
• W200721922 hasConceptScore W200721922C162324750 @default.
• W200721922 hasConceptScore W200721922C172428447 @default.
• W200721922 hasConceptScore W200721922C17744445 @default.
• W200721922 hasConceptScore W200721922C191935318 @default.
• W200721922 hasConceptScore W200721922C199539241 @default.
• W200721922 hasConceptScore W200721922C204036174 @default.
• W200721922 hasConceptScore W200721922C2778971194 @default.
• W200721922 hasConceptScore W200721922C2781078320 @default.
• W200721922 hasConceptScore W200721922C556758197 @default.
• W200721922 hasConceptScore W200721922C78508483 @default.
• W200721922 hasConceptScore W200721922C78519656 @default.
• W200721922 hasConceptScore W200721922C94625758 @default.
• W200721922 hasIssue "3" @default.
• W200721922 hasLocation W2007219221 @default.
• W200721922 hasOpenAccess W200721922 @default.
• W200721922 hasPrimaryLocation W2007219221 @default.
• W200721922 hasRelatedWork W2003820906 @default.
• W200721922 hasRelatedWork W2024554841 @default.
• W200721922 hasRelatedWork W2355680919 @default.
• W200721922 hasRelatedWork W2892384046 @default.
• W200721922 hasRelatedWork W3122895164 @default.
• W200721922 hasRelatedWork W3123960131 @default.
• W200721922 hasRelatedWork W3125488112 @default.
• W200721922 hasRelatedWork W3193787576 @default.

• next