Essays On Insider Trading Innovation And Political Economy

Download Essays On Insider Trading Innovation And Political Economy full books in PDF, epub, and Kindle. Read online Essays On Insider Trading Innovation And Political Economy ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Essays on Insider Trading, Innovation, and Political Economy

Author : Jiawei Chen
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)

DOWNLOAD NOW!

Book Synopsis Essays on Insider Trading, Innovation, and Political Economy by : Jiawei Chen

Download or read book Essays on Insider Trading, Innovation, and Political Economy written by Jiawei Chen and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I study how insider trading interacts with the political economy, regulators, and other corporate governance mechanisms. In the first section, I examine the impact of insider trading restriction enforcement on firm innovation. U. S. Securities and Exchange Commission enforcement actions are intended to protect investors and limit expropriation by firm insiders, but enforcement could impact insiders’ incentives to contribute to value enhancing activities. Therefore, I explore how corporate innovation and performance respond to insider trading restrictions imposed by firms and regulators. Using manually collected data on SEC indictments against corporate insiders, I document more innovative activity following external insider trading restrictions. External restrictions are also followed by higher corporate investment, capital access, and operating performance. Similarly, internal blackout restrictions to insider trading are also linked to more patents. SEC and congressional rule changes serve as quasi-natural experiments resulting in shocks in enforcement and indictments for identification and inference. Overall, the results suggest insider trading restrictions and enforcement actions impact subsequent firm activities and managerial decisions by protecting outside investment, resulting in more investment and innovation. In the second section, I explore the relation between political uncertainty and insider trading. With political uncertainty elevated recently, I examine the role of political uncertainty among insiders. By measuring firm-specific political risk measured from conference calls, I observe insiders trade more actively during uncertain periods with trading volume and transaction value increasing alongside political uncertainty. The results are driven by non-routine insider transactions and purchases at firms with CEO duality and fewer insider trading restrictions. Next, I observe similar results when exploiting variation in election timing across states and alternative external measures. Moreover, I find evidence of informed insider trading by observing higher abnormal returns following insider trades amidst political uncertainty. Finally, I find political uncertainty is linked to lower bid-ask spreads and leverage but observe higher outstanding shares with more insider trading when experiencing positive political uncertainty, consistent with insiders informing markets and improving liquidity. Overall, these results suggest insiders purchase more actively and opportunistically amidst political uncertainty, improving market information quality, especially when internal governance is accommodating.

Essays on Comparative Insider Trading Law, Finance and Political Economy

Author : Laura Nyantung Beny
Publisher :
ISBN 13 :
Total Pages : 226 pages
Book Rating : 4.:/5 (249 download)

DOWNLOAD NOW!

Book Synopsis Essays on Comparative Insider Trading Law, Finance and Political Economy by : Laura Nyantung Beny

Download or read book Essays on Comparative Insider Trading Law, Finance and Political Economy written by Laura Nyantung Beny and published by . This book was released on 2002 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Insider Trading and Innovation

Author : Ross Levine
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (924 download)

DOWNLOAD NOW!

Book Synopsis Insider Trading and Innovation by : Ross Levine

Download or read book Insider Trading and Innovation written by Ross Levine and published by . This book was released on 2015 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses whether legal systems that protect outside investors from corporate insiders increase or decrease the rate of technological innovation. Based on over 75,000 industry-country-year observations across 94 economies from 1976 to 2006, we find that enforcing insider trading laws spurs innovation--as measured by patent intensity, scope, impact, generality, and originality. Consistent with theories that insider trading slows innovation by impeding the valuation of innovative activities, the relationship between enforcing insider trading laws and innovation is much larger in industries that are naturally innovative and opaque, and equity issuances also rise much more in these industries after a country starts enforcing its insider trading laws.

Essays in Market Manipulation and Insider Trading

Author : Carlo Milia
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (955 download)

DOWNLOAD NOW!

Book Synopsis Essays in Market Manipulation and Insider Trading by : Carlo Milia

Download or read book Essays in Market Manipulation and Insider Trading written by Carlo Milia and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on the Political Economy of Innovative Startups

Author : Julian Jun Yuan Seng
Publisher :
ISBN 13 : 9788775682270
Total Pages : 0 pages
Book Rating : 4.6/5 (822 download)

DOWNLOAD NOW!

Book Synopsis Essays on the Political Economy of Innovative Startups by : Julian Jun Yuan Seng

Download or read book Essays on the Political Economy of Innovative Startups written by Julian Jun Yuan Seng and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Three Essays on Insider Trading

Author : Haoyang Xiong
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)

DOWNLOAD NOW!

Book Synopsis Three Essays on Insider Trading by : Haoyang Xiong

Download or read book Three Essays on Insider Trading written by Haoyang Xiong and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the first essay we study whether and how personal off-the-job managerial indiscretions impact corporate insiders’ trading behavior. We find that executives accused of personal indiscretions earn significantly higher abnormal returns from their insider purchases and sales in a 15-day window around each trade. The results are robust to matched sample analyses. Further, insiders’ historical trading pattern or corporate culture has less explanatory power than personal attributes. We also document that exposure of these indiscretions to the public provides a disciplinary effect, as insider trading profits significantly drop following the announcement of an indiscretion, despite this drop being temporary. Corporate governance mechanisms, such as blackout policies, significantly reduce abnormal returns earned by indiscretion executives. In the second essay we find that individualistic countries regulate insider trading activities more intensely. The result is robust to controlling for alternative culture variables, additional controls, and instrumental variable analysis. We also document that individualism’s effect is magnified in democratic countries. In addition, we study the economic and financial consequences of individualism, insider trading regulation, and its enforcement. The analysis suggests that individualism and the enforcement of insider trading regulation promote financial development. Interaction effects reveal that individualism and insider trading regulation serve as complements to promote financial development. These findings contribute to the insider trading debate since regulation alone may not be the primary determinant of market efficiency. Combined, our results challenge prior works concluding that individualism is anti-regulation. In the last essay we explore the relation between insider trading regulation and the cost of equity in a country. Bhattacharya and Daouk (2002) conduct a comprehensive survey of 103 countries on whether insider trading law exists and has been enforced. They find that the enforcement of insider trading law, not the existence, can significantly reduce the cost of equity in a country. In this paper, we use an updated sample to reevaluate this topic and answer whether this relation still holds after adding 20 years of new data. Preliminary results show that countries with lighter insider trading regulation and countries that have enforced insider trading laws tend to experience lower cost of equity.

The Oxford Handbook of Corporate Law and Governance

Author : Jeffrey Neil Gordon
Publisher : Oxford University Press
ISBN 13 : 0198743688
Total Pages : 1217 pages
Book Rating : 4.1/5 (987 download)

DOWNLOAD NOW!

Book Synopsis The Oxford Handbook of Corporate Law and Governance by : Jeffrey Neil Gordon

Download or read book The Oxford Handbook of Corporate Law and Governance written by Jeffrey Neil Gordon and published by Oxford University Press. This book was released on 2018 with total page 1217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.

Political Economy and Imperial Governance in Eighteenth-Century Britain

Author : Heather Welland
Publisher : Routledge
ISBN 13 : 1000394255
Total Pages : 187 pages
Book Rating : 4.0/5 (3 download)

DOWNLOAD NOW!

Book Synopsis Political Economy and Imperial Governance in Eighteenth-Century Britain by : Heather Welland

Download or read book Political Economy and Imperial Governance in Eighteenth-Century Britain written by Heather Welland and published by Routledge. This book was released on 2021-06-15 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the relationship between imperial governance and political economy in eighteenth-century Britain, particularly in Canada and Ireland. It is concerned with the way economic ideology and party politics were mutually constitutive; and with the way extra-parliamentary interests both facilitated, and were co-opted into, strategies of governance and commercial regulation. Rather than treat political economy as a pre-existing intellectual orthodoxy that shaped imperial policymaking, it focuses on the ways in which economic thought was generated in moments of imperial crisis – especially those where politicians, commercial interest groups, and pamphleteer economists were forced to wrestle with the tensions between economic growth, political authority, and social stability. By rooting economic discourse and debate in specific problems of imperial commerce and administration, and by highlighting the many different actors and negotiations that produced economic policy, it argues that the transition from mercantilism to liberalism – the shift from protectionism to free trade – is a flawed description of eighteenth-century developments in economic thought.

Essays on Economics and Economists

Author : R. H. Coase
Publisher : University of Chicago Press
ISBN 13 : 022605134X
Total Pages : 260 pages
Book Rating : 4.2/5 (26 download)

DOWNLOAD NOW!

Book Synopsis Essays on Economics and Economists by : R. H. Coase

Download or read book Essays on Economics and Economists written by R. H. Coase and published by University of Chicago Press. This book was released on 2012-11-16 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflections on two centuries of economic history from a Nobel Prize winner in the field: “An accessible collection by a renowned economist.”—Library Journal How do economists decide what questions to address and how to choose their theories? How do they tackle the problems of the economic system and give advice on public policy? With these broad questions, Nobel laureate R. H. Coase, widely recognized for his seminal work on transaction costs, reflects on some of the most fundamental concerns of economists over the past two centuries. In fifteen essays, Coase evaluates the contributions of a number of outstanding figures, including Adam Smith, Alfred Marshall, Arnold Plant, Duncan Black, and George Stigler, as well as economists at the London School of Economics in the 1930s. “Are you looking for a book by an economist who can really write and has insight after insight on free markets vs. government regulation? Would you like it even better if you could get some good laughs from his clever way of putting things? Then Ronald H. Coase’s Essays on Economics and Economists is the book for you.”—Reason

Systems of Innovation

Author : Charles Edquist
Publisher : Routledge
ISBN 13 : 1136600582
Total Pages : 447 pages
Book Rating : 4.1/5 (366 download)

DOWNLOAD NOW!

Book Synopsis Systems of Innovation by : Charles Edquist

Download or read book Systems of Innovation written by Charles Edquist and published by Routledge. This book was released on 2013-01-11 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: The systems of innovation approach is considered by many to be a useful analytical approach for better understanding innovation processes as well as the production and distribution of knowledge in the economy. It is an appropriate framework for the empirical study of innovations in their contexts and is relevant for policy makers. This text is the result of the work within an international inter-disciplinary network or "working seminar" with the task of building a more solid and sophisticated conceptual and theoretical foundation for the continued study of innovations in a systemic context. The book has three parts. The first presents an overview and tries to work out some conceptual problems. In the second, the systems of innovation approach is related to innovation theory. Part three is devoted to increasing understanding of the functioning and dynamics of systems of innovation. There is also an introduction where the genesis and anatomy of different systems of innovation approaches are discussed and where the systems of innovation approach is characterized in nine dimensions.

Dissertation Abstracts International

Author :
Publisher :
ISBN 13 :
Total Pages : 688 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!

Book Synopsis Dissertation Abstracts International by :

Download or read book Dissertation Abstracts International written by and published by . This book was released on 2008 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author : El Bachir Boukherouaa
Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.5/5 (89 download)

DOWNLOAD NOW!

Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

The Political Economy of International Capital Mobility

Author : M. Watson
Publisher : Springer
ISBN 13 : 023059266X
Total Pages : 266 pages
Book Rating : 4.2/5 (35 download)

DOWNLOAD NOW!

Book Synopsis The Political Economy of International Capital Mobility by : M. Watson

Download or read book The Political Economy of International Capital Mobility written by M. Watson and published by Springer. This book was released on 2007-07-03 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Matthew Watson draws a distinction between the spatial and the functional mobility of capital, allowing fresh insights into existing work on the subject whilst repoliticizing the very idea of capital being 'in motion'. The dynamics of capital mobility and the patterns of risk exposure are illustrated through four detailed global case studies.

Two Essays on Corporate Decisions, Liquidity and Investment Efficiencies

Author : Xiaoyun Yu
Publisher :
ISBN 13 :
Total Pages : 222 pages
Book Rating : 4.:/5 (319 download)

DOWNLOAD NOW!

Book Synopsis Two Essays on Corporate Decisions, Liquidity and Investment Efficiencies by : Xiaoyun Yu

Download or read book Two Essays on Corporate Decisions, Liquidity and Investment Efficiencies written by Xiaoyun Yu and published by . This book was released on 2001 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Blackwell Cultural Economy Reader

Author : Ash Amin
Publisher : John Wiley & Sons
ISBN 13 : 0470777370
Total Pages : 448 pages
Book Rating : 4.4/5 (77 download)

DOWNLOAD NOW!

Book Synopsis The Blackwell Cultural Economy Reader by : Ash Amin

Download or read book The Blackwell Cultural Economy Reader written by Ash Amin and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Reader brings together the exciting and innovative work that has appeared in the last 10 years in the growing field of cultural economy. Brings together exciting and innovative work from the last ten years in the emerging field of cultural economy. Contains a substantial introduction by the editors on the main strands and history of the cultural economy approach. Shows how the pursuit of prosperity always involves multiple and hybrid orderings that cannot be reduced to either the terms culture or economy. Shows that thinking about cultural economy is both a substantive task and a valuable contribution to knowledge. Material is organised around different links in the value chain.

The Next Digital Decade

Author : Berin Szoka
Publisher : TechFreedom
ISBN 13 : 0983820600
Total Pages : 578 pages
Book Rating : 4.9/5 (838 download)

DOWNLOAD NOW!

Book Synopsis The Next Digital Decade by : Berin Szoka

Download or read book The Next Digital Decade written by Berin Szoka and published by TechFreedom. This book was released on 2011-06-10 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Varieties of Capitalism

Author : Peter A. Hall
Publisher : Oxford University Press
ISBN 13 : 0199247749
Total Pages : 557 pages
Book Rating : 4.1/5 (992 download)

DOWNLOAD NOW!

Book Synopsis Varieties of Capitalism by : Peter A. Hall

Download or read book Varieties of Capitalism written by Peter A. Hall and published by Oxford University Press. This book was released on 2001 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.