Insider Trading and Large Chapter 11 Bankruptcies in Usa

Tareque Nasser; Benton E. Gup

Insider Trading and Large Chapter 11 Bankruptcies in Usa

Authors

Tareque Nasser The University of Alabama
Benton E. Gup The University of Alabama

Keywords:

Insider trading, Bankruptcy, Corporate governance

Abstract

The Enron and WorldCom debacles raised questions about the state of corporate governance in the United States. Insider trading is one aspect of corporate governance highlighted in these cases. In this paper, we explore insider trading of large Chapter 11 bankruptcy filing firms during the twelve-year period of 1995-2006. We find that insiders in these firms, on average, do not use private information for gain or loss avoidance.

Additional Files

Published

18-08-2008

How to Cite

Nasser, T., & Gup, B. E. (2008). Insider Trading and Large Chapter 11 Bankruptcies in Usa. International Journal of Banking and Finance, 5(2), 1–29. Retrieved from https://e-journal.uum.edu.my/index.php/ijbf/article/view/8366