Show simple item record

dc.contributor.authorGilbert, A
dc.contributor.authorTourani-Rad, A
dc.contributor.authorWisniewski, T
dc.date.accessioned2011-02-21T02:49:16Z
dc.date.available2011-02-21T02:49:16Z
dc.date.copyright2004
dc.date.created2004
dc.date.issued2011-02-21
dc.identifier.otherDec-04
dc.identifier.urihttp://hdl.handle.net/10292/1138
dc.description.abstractThis paper adds to the scant literature on the tightening of regulations and its impact on the profitability of insider trades by examining the effects of the recent enactment of the Securities Market Amendment Act 2002 in New Zealand. We investigate the abnormal returns around the date of insider transactions both before and after the introduction of this Act. We find that the number of insider transactions decreased just prior to the introduction of the Act; further we observe a marked reduction in profitability of directors. However, the difference between the pre and post-change returns lacks statistical significance.
dc.publisherAUT Faculty of Business
dc.relation.urihttp://www.aut.ac.nz/__data/assets/pdf_file/0004/48469/enterprise_and_innovation_12-2004.pdf
dc.rights2004 © - Copyright of the Author(s)
dc.sourceEnterprise and Innovation, 2004, 12
dc.subjectInsider Trading
dc.subjectProfitability
dc.subjectRegulatory Change
dc.titleThe impact of Regulatory Change on Insider Trading Profitability: some early evidence from New Zealand
dc.typeWorking Paper
dc.rights.accessrightsOpenAccess


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record