Insider trading and informed trading patterns

This paper aims to examine how corporate insider trading influences patterns of foreign and institutional investors especially in firms with high discretionary accruals low book-to-market ratios as proxies for information uncertainty. study uses methods such informed traders who are considered gather more precise before after tests affects traders. The results this provide evidence that is likely influence traders’ patterns. After controlling firm-specific factors, finds the event amount affect significantly Furthermore, relation between enhanced when have a level ratio. Prior studies focused on association abnormal returns types disseminated, while uncertainty not been specifically considered. enables practitioners interpret