Insider trading and financing constraints
Insider trading may alleviate financing constraints by conveying value‐relevant information to the market (the information effect) or may exacerbate financing constraints by impairing market liquidity and distorting insiders’ incentives to disclose value‐relevant information (the confidence effect)....
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Published: |
Wiley
2014
|
| Online Access: | https://eprints.nottingham.ac.uk/50671/ |