Revisiting advance disclosure of insider trading

Zhenyu Cui; Jun Deng; Stephen L. Lenkey

doi:10.1016/j.econlet.2019.06.004

Revisiting advance disclosure of insider trading

Zhenyu Cui
, Jun Deng
, Stephen L. Lenkey

School of Business

University of International Business and Economics

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

We derive a parametric restriction necessary and sufficient for an equilibrium to exist in the model of Lenkey (2014). Given this restriction, the equilibrium is unique, correcting findings in the original article that multiple equilibria may exist with advance disclosure.

Original language	English
Pages (from-to)	78-81
Number of pages	4
Journal	Economics Letters
Volume	182
DOIs	https://doi.org/10.1016/j.econlet.2019.06.004
State	Published - Sep 2019

Keywords

Disclosure
Insider trading

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10.1016/j.econlet.2019.06.004

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title = "Revisiting advance disclosure of insider trading",

abstract = "We derive a parametric restriction necessary and sufficient for an equilibrium to exist in the model of Lenkey (2014). Given this restriction, the equilibrium is unique, correcting findings in the original article that multiple equilibria may exist with advance disclosure.",

keywords = "Disclosure, Insider trading",

author = "Zhenyu Cui and Jun Deng and Lenkey, \{Stephen L.\}",

note = "Publisher Copyright: {\textcopyright} 2019 Elsevier B.V.",

year = "2019",

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doi = "10.1016/j.econlet.2019.06.004",

language = "English",

volume = "182",

pages = "78--81",

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TY - JOUR

T1 - Revisiting advance disclosure of insider trading

AU - Cui, Zhenyu

AU - Deng, Jun

AU - Lenkey, Stephen L.

PY - 2019/9

Y1 - 2019/9

N2 - We derive a parametric restriction necessary and sufficient for an equilibrium to exist in the model of Lenkey (2014). Given this restriction, the equilibrium is unique, correcting findings in the original article that multiple equilibria may exist with advance disclosure.

AB - We derive a parametric restriction necessary and sufficient for an equilibrium to exist in the model of Lenkey (2014). Given this restriction, the equilibrium is unique, correcting findings in the original article that multiple equilibria may exist with advance disclosure.

KW - Disclosure

KW - Insider trading

UR - https://www.scopus.com/pages/publications/85067199706

UR - https://www.scopus.com/pages/publications/85067199706#tab=citedBy

U2 - 10.1016/j.econlet.2019.06.004

DO - 10.1016/j.econlet.2019.06.004

M3 - Article

AN - SCOPUS:85067199706

SN - 0165-1765

VL - 182

SP - 78

EP - 81

JO - Economics Letters

JF - Economics Letters

ER -

Revisiting advance disclosure of insider trading

Abstract

Keywords

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