Investment intelligence from insider trading / / H. Nejat Seyhun
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| Autore: |
Seyhun Hasan Nejat <1954->
|
| Titolo: |
Investment intelligence from insider trading / / H. Nejat Seyhun
|
| Pubblicazione: | Cambridge, Mass. ; ; London, England, : MIT Press, 2000 |
| Edizione: | 1st MIT Press paperback ed. |
| Descrizione fisica: | 1 online resource (442 pages) |
| Disciplina: | 364.16/8 |
| Soggetto topico: | Insider trading in securities - United States |
| Note generali: | Bibliographic Level Mode of Issuance: Monograph |
| Nota di bibliografia: | Includes bibliographical references and index. |
| Nota di contenuto: | Investment Intelligence from Insider Trading -- Contents -- Preface -- Acknowledgments -- Introduction -- Investment Intelligence from Insider Trading -- Insider-trading patterns -- Does insider trading predict future stock returns? -- A stock-picking strategy -- Predicting future market returns -- Crash of October 1987 and insider trading -- Dividend yields and insider trading -- Dividend Initiations -- Earnings announcements -- Price-earnings ratio -- Book-to-market ratio -- Insider trading in target firms -- Insider trading in bidder firms -- Momentum and mean reversion -- Implementation and conclusions -- Notes -- References -- Index. |
| Sommario/riassunto: | Learn 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. |
| Titolo autorizzato: | Investment intelligence from insider trading |
| ISBN: | 0-262-28343-3 |
| 0-585-07840-8 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910826662203321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |