LEADER 03025nam 2200565 a 450 001 9910455974603321 005 20200520144314.0 010 $a0-262-28343-3 010 $a0-585-07840-8 035 $a(CKB)111000211172668 035 $a(OCoLC)42856078 035 $a(CaPaEBR)ebrary2001045 035 $a(SSID)ssj0000183392 035 $a(PQKBManifestationID)11939032 035 $a(PQKBTitleCode)TC0000183392 035 $a(PQKBWorkID)10194375 035 $a(PQKB)10933636 035 $a(MiAaPQ)EBC3338444 035 $a(OCoLC)923249893 035 $a(OCoLC-P)923249893 035 $a(MaCbMITP)3951 035 $a(Au-PeEL)EBL3338444 035 $a(CaPaEBR)ebr2001045 035 $a(EXLCZ)99111000211172668 100 $a19980504d2000 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInvestment intelligence from insider trading$b[electronic resource] /$fH. Nejat Seyhun 205 $a1st MIT Press paperback ed. 210 $aCambridge, Mass. ;$aLondon, England $cMIT Press$d2000 215 $a1 online resource (442 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-262-19411-2 320 $aIncludes bibliographical references and index. 330 $aLearn how to profit from information about insider trading.The term insider trading refers to the stock transactions of the officers, directors, and large shareholders of a firm. Many investors believe that corporate insiders, informed about their firms' prospects, buy and sell their own firm's stock at favorable times, reaping significant profits. Given the extra costs and risks of an active trading strategy, the key question for stock market investors is whether the publicly available insider-trading information can help them to outperform a simple passive index fund.Basing his insights on an exhaustive data set that captures information on all reported insider trading in all publicly held firms over the past twenty-one years--over one million transactions!--H. Nejat Seyhun shows how investors can use insider information to their advantage. He documents the magnitude and duration of the stock price movements following insider trading, determinants of insiders' profits, and the risks associated with imitating insider trading. He looks at the likely performance of individual firms and of the overall stock market, and compares the value of what one can learn from insider trading with commonly used measures of value such as price-earnings ratio, book-to-market ratio, and dividend yield. 606 $aInsider trading in securities$zUnited States 608 $aElectronic books. 615 0$aInsider trading in securities 676 $a364.16/8 700 $aSeyhun$b Hasan Nejat$f1954-$0895350 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910455974603321 996 $aInvestment intelligence from insider trading$92000277 997 $aUNINA