Insider Trading and Large Chapter 11 Bankruptcies in Usa

Authors

  • Tareque Nasser The University of Alabama, United States
  • Benton E. Gup The University of Alabama, United States

DOI:

https://doi.org/10.32890/ijbf2008.5.2.1

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.

 

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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. https://doi.org/10.32890/ijbf2008.5.2.1

Research impact

Harvested 2026-09-07
2 citations, from OpenAlex — the highest of the sources checked

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Identifiers DOI 10.32890/ijbf2008.5.2.1 OpenAlex W1496395374