Transferring and trading on insider information in the United States and Australia: just a case of happy hour drinks?

被引：3
作者：
Chen, Xiaoyan [1 ]
Hodgson, Allan [2 ]
Linnenluecke, Martina K. [3 ]
机构：
[1] RMIT Univ, Coll Business, Melbourne, Vic, Australia
[2] Univ Queensland, UQ Business Sch, St Lucia, Qld, Australia
[3] Macquarie Univ, Fac Business & Econ, Sydney, NSW, Australia
来源：
ACCOUNTING AND FINANCE | 2018年 / 58卷
基金：
澳大利亚研究理事会;
关键词：
Insider trading; Informed trading; The United States; Australia; Tipping; ABNORMAL RETURNS; EARNINGS; PROTECTION; DISCLOSURE; TRADES; PRICE; LAWS;
D O I：
10.1111/acfi.12321
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines and compares insider trading laws across Australia and the United States. Motivation is provided by academic studies that provide a global comparison of insider trading without analysis of divergent interpretations and liabilities. For example, sharing confidential information with friends over Friday night drinks may have completely different legal consequences across different countries. The possibility of higher or lower legal sanction offers research opportunities in the areas of government-supervised firms, tipping to short sellers and insider trading when firms are cross-listed in countries with different insider trading regimes.
引用
收藏
页码：83 / 95
页数：13
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