Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Insiders’ Information Advantage: Evidence from Competition with Short Sellers
Harold Contreras, Jana Fidrmuc, and Roman Kozhan ♦ We study the information content of corporate insiders’ trades after earnings announcements. We find little evidence that insiders trade on foreknowledge of material information in the post-SOX period. Conditioning on short-selling activity as a…