Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 杜巨澜教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1111/j.1468-0297.2004.00249.x |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/20WOS source URL
Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/27Scopus source URL
其它资讯
摘要This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. It introduces a new measure of insider trading. The central finding is that countries with more prevalent insider trading have more volatile stock markets, even after one controls for liquidity/maturity of the market, and the volatility of the underlying fundamentals (volatility of real output and of monetary and fiscal policies). Moreover, the effect of insider trading is quantitatively significant when compared with the effect of economic fundamentals. ? Royal Economic Society http://aims.cuhk.edu.hk/converis/portal/Publication/2004.
着者Du J., Wei S.-J.
期刊名称Economic Journal
出版年份http://aims.cuhk.edu.hk/converis/portal/Publication/2004
月份10
日期1
卷号114
期次498
出版社Macmillan Publishers
出版地United Kingdom
页次916 - 942
国际标準期刊号0013-0133
语言英式英语
