Title :
Empirical analysis of the insider trading´s characteristics in China stock market
Author_Institution :
Sch. of Econ. & Manage., Beijing Jiaotong Univ., Beijing, China
Abstract :
Choosing the sample cases disclosed by China Securities Regulatory Commission between 2004 and 2010, this paper conducts empirical analysis for the insider´s trading from the fluctuation and characteristics of three indicators - cumulative abnormal returns, volume´s fluctuation index, announcement effect and inside information effect, based on improved event study method. The result gives support to improve the method of real-time supervision of insider trading with the assistance of high technology and thus developing a more rigorous and efficient supervision of the securities market.
Keywords :
commercial law; econometrics; securities trading; China Securities Regulatory Commission; China stock market; announcement effect; cumulative abnormal returns; empirical analysis; event study method; inside information effect; insider trading characteristics; real-time supervision; securities market; volume fluctuation index; Companies; Corporate acquisitions; Fluctuations; Indexes; Security; Stock markets; characteristics; event study method; insider trading; real-time supervision; regulatory efficiency;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Deng Leng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6010631
