Holdings: Directors' dealings and insider trading in Germany

Directors' dealings and insider trading in Germany: an empirical analysis

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Bibliographic Details
Main Author:	Ams, Patrick (Author)
Format:	Thesis Book
Language:	English
Published:	Frankfurt am Main [u.a.] Lang 2010
Series:	Corporate finance and governance 2
Subjects:	Aktienmarkt Insidergeschäft Publizitätspflicht Aktiengesellschaft Führungskraft Deutschland Hochschulschrift
Online Access:	Inhaltsverzeichnis
Physical Description:	XV, 175 S. graph. Darst.
ISBN:	9783631603918

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MARC


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Record in the Search Index

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adam_text	IX TABLEOFCONTENTS I. INTRODUCTION 1 LA OVERVIEW AND RESEARCH OBJECTIVE 1 I.B SUMMARY OF RESULTS 4 I.C RESEARCH FRAMEWORK AND COURSE OF INVESTIGATION 6 II. LEGAL AND THEORETICAL FRAMEWORK 9 II.A LEGAL FRAMEWORK 9 II.A. 1 EUROPEAN FINANCIAL REGULATION 9 II.A.2 GERMAN INSIDER DEALING LAWS 16 II.A.3 EXCURSUS US LAWS 22 II.B THEORETICAL FOUNDATIONS 26 II.B.L MARKET EFFICIENCY 27 II.B.2 ECONOMIC AND LEGAL PERSPECTIVES ON INSIDER DEALING 31 III. RELATED LITERATURE 43 III.A INTERNATIONAL LITERATURE 43 III. A. 1 STUDIES BY MEULBROEK AND CORNELL 43 III.A.2 FIRST STUDIES ON DIRECTORS DEALINGS IN THE UNITED STATES 44 III.A.3 STUDIES BY SEYHUN 47 III.A.4 STUDYBYROZEFF&ZAMAN 48 III.A.5 STUDIES ON DIRECTORS DEALINGS AND CORPORATE ACTIONS 49 III.B STUDIES ON THE GERMAN MARKET 50 III.B.L THE STUDY BY HEIDORN, MEYER, PIETROWIAK 50 III.B.2 THE STUDY BY RAU 51 III.B.3 THE STUDIES BY BETZER AND THEISSEN 52 III.B.4 THE STUDY BY KLINGE, SEIFFERT, AND STEHLE 54 III.B.5 THE STUDY BY TEBROKE AND WOLLIN 55 III.B.6 THE STUDY BY STOTZ 55 III.B.7 THE STUDY BY DYMKE AND WALTER 56 IV. METHODOLOGY AND DATA 59 IV.A EMPIRICAL METHODOLOGY SHORT-TERM STUDY 59 IV.A.1 PRICE BUILDING IN CAPITAL MARKETS 59 IV.A.2 EVENT STUDY METHODOLOGY 63 IV.A.3 EMPIRICAL METHODOLOGY LONG-TERM EVENT STUDY 69 IV.B DATA 73 IV.B.L DIRECTORS DEALINGS DATA 73 IV.B. BIBLIOGRAFISCHE INFORMATIONEN HTTP://D-NB.INFO/1000099709 DIGITALISIERT DURCH X V.A.3 INSIDER GROUP SHORT-TERM RESULTS 97 V.A.4 SUMMARYOF THE SHORT-TERM ANALYSIS 105 V.B EMPIRICAL RESULTS LONG-TERM STUDY 106 V.B.L LONG-TERM BUY-AND-HOLD ABNORMAL RETURNS 106 V.B.2 FIRM SIZE LONG-TERM RESULTS 108 V.B.3 INSIDER GROUP LONG-TERM RESULTS 111 V.B.4 CROSS-SECTIONAL REGRESSION LONG-TERM BHAR 113 V.B.5 CALENDAR-TIME PORTFOLIOS 117 V.B.6 SUMMARY LONG-TERM STUDY 122 V.C EMPIRICAL RESULTS CORPORATE ACTIONS AND DIRECTORS DEALINGS STUDY 122 V.C.L SHARE REPURCHASES 123 V.C.2 MERGERS AND ACQUISITIONS 126 V.C.3 SEASONED EQUITY OFFERINGS 129 V.C.4 ORDERED-PROBIT ANALYSIS OF CORPORATE ACTIONS 130 V.C.5 SUMMARY CORPORATE ACTIONS AND DIRECTORS DEALINGS STUDY 135 VI. EXCURSUS 137 VI.A DESCRIPTION OF DATASET 137 VLB EMPIRICAL RESULTS 138 VI.B.L EMPIRICAL RESULTS INSIDER TRADING 138 VI.B.2 INSIDER MARKET MANIPULATION 143 VI.B.3 INSIDER PRICE MANIPULATION 145 VI.B.4 SUMMARY EXCURSUS INSIDER DEALING 147 VII. CONCLUSION 149 VIII. APPENDIX 151 IX. REFERENCES 165
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author	Ams, Patrick
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dewey-tens	330 - Economics
discipline	Wirtschaftswissenschaften
format	Thesis Book
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spelling	Ams, Patrick Verfasser aut Directors' dealings and insider trading in Germany an empirical analysis Patrick Ams Frankfurt am Main [u.a.] Lang 2010 XV, 175 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Corporate finance and governance 2 Zugl.: Oestrich-Winkel, Europ. Business School, Diss., 2009 Aktienmarkt (DE-588)4130931-5 gnd rswk-swf Insidergeschäft (DE-588)4114025-4 gnd rswk-swf Publizitätspflicht (DE-588)4134205-7 gnd rswk-swf Aktiengesellschaft (DE-588)4000937-3 gnd rswk-swf Führungskraft (DE-588)4071497-4 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Deutschland (DE-588)4011882-4 g Aktiengesellschaft (DE-588)4000937-3 s Führungskraft (DE-588)4071497-4 s Insidergeschäft (DE-588)4114025-4 s Publizitätspflicht (DE-588)4134205-7 s Aktienmarkt (DE-588)4130931-5 s DE-604 Corporate finance and governance 2 (DE-604)BV036435593 2 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=019006192&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis
spellingShingle	Ams, Patrick Directors' dealings and insider trading in Germany an empirical analysis Corporate finance and governance Aktienmarkt (DE-588)4130931-5 gnd Insidergeschäft (DE-588)4114025-4 gnd Publizitätspflicht (DE-588)4134205-7 gnd Aktiengesellschaft (DE-588)4000937-3 gnd Führungskraft (DE-588)4071497-4 gnd
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title	Directors' dealings and insider trading in Germany an empirical analysis
title_auth	Directors' dealings and insider trading in Germany an empirical analysis
title_exact_search	Directors' dealings and insider trading in Germany an empirical analysis
title_full	Directors' dealings and insider trading in Germany an empirical analysis Patrick Ams
title_fullStr	Directors' dealings and insider trading in Germany an empirical analysis Patrick Ams
title_full_unstemmed	Directors' dealings and insider trading in Germany an empirical analysis Patrick Ams
title_short	Directors' dealings and insider trading in Germany
title_sort	directors dealings and insider trading in germany an empirical analysis
title_sub	an empirical analysis
topic	Aktienmarkt (DE-588)4130931-5 gnd Insidergeschäft (DE-588)4114025-4 gnd Publizitätspflicht (DE-588)4134205-7 gnd Aktiengesellschaft (DE-588)4000937-3 gnd Führungskraft (DE-588)4071497-4 gnd
topic_facet	Aktienmarkt Insidergeschäft Publizitätspflicht Aktiengesellschaft Führungskraft Deutschland Hochschulschrift
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=019006192&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
volume_link	(DE-604)BV036435593
work_keys_str_mv	AT amspatrick directorsdealingsandinsidertradingingermanyanempiricalanalysis

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