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Do Insiders Earn More in Stock Markets? An Experiment
Economic Journal of Nepal
View Archive Info| Field | Value | |
| Title |
Do Insiders Earn More in Stock Markets? An Experiment
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| Creator |
Qureshi, Muhammad Azeem
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| Description |
Academicians as well as practitioners have long been debating insider information. Controlled laboratory• experiment may be one way to estimate possible gains of an insider vis-a-vis a common investor given certain level of market efficiency. This paper reports the results of such a laboratory experiment using System Dynamics method; carried out to see effects of insider information on the profitability of the insiders versus that of the uniformed common investors. This study confirms that in a market, which has the ability to reflect the company inside information in market prices in one day, insiders cannot outperform the un-informed investors. However, another study with participant having investment knowledge or the practitioners from the stock markets may be carried out to know whether such a knowledge or expertise makes a difference. Another study could be carried out for those markets that could reflect inside information with a larger time lag.Key words: Stock markets; Reflect the company; PakistanEconomic Journal of Nepal A Quarterly Publication of the Central Department of Economics T.U., Kirtipur Vol. 31, No. 4 October-December 2008, Issue No. 124Page: 235-245Uploaded date: 5 July 2011
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| Publisher |
Central Department of Economics Tribhuvan University
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| Date |
2011-07-06
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
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| Identifier |
https://www.nepjol.info/index.php/EJON/article/view/5009
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| Source |
Economic Journal of Nepal; Vol 31 No 4 (2008); 235-245
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| Language |
en
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