In the Insider Trading & Market Manipulation Literature Watch, members of our Finance Practice provide summaries and links to published research about insider trading and market manipulation. The team provides an update each quarter.
The authors’ own abstracts are included in the newsletter and are unedited. Links to the full paper are provided. The inclusion of a paper in this newsletter does not signify that CRA or any of its experts agree or disagree with the content or conclusions therein.
In our Q1 2023 edition, we include a study examining whether the social capital surrounding the firm’s corporate headquarters mitigates managerial self-dealing in the form of opportunistic insider trading; an article analyzing congressional insider trading before and after the adoption of the STOCK Act and showing that the issue has persisted despite its passage; a study analyzing information production and trading behavior of banks with lending relationships; a paper examining the impact of noise trading on stock liquidity in China; and a paper using a high-frequency data set of limit order book snapshots from the foreign exchange (FX) spot market to develop and test a methodology to assess the feasibility, and hence potential prevalence, of cross-market spoofing.
