Three Essays on International Insider Trading

Zakir Hossain

Research output: Thesis › Doctoral Thesis

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Abstract

This thesis contains three critical essays on international insider trading. The first essay discovers that insiders trade before an earnings announcement on the knowledge of upcoming earnings news in the global equity market. The findings of this essay support the information leakage view of insider trading. The second essay provides evidence that state ownership endows insiders with private information advantages, which they convey to the market through stock trading. The third essay finds that insider trading profits in banks relative to other firms in the U.S are larger during periods of macroeconomic uncertainty, suggesting information advantages by bankers.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Supervisors/Advisors
  • Baur, Dirk, Supervisor
  • Yu, Jing, Supervisor
Thesis sponsors
Award date6 Aug 2021
DOIs
Publication statusUnpublished - 2021

Embargo information

  • Embargoed from 22/09/2021 to 31/07/23. Made publicly available on 31/07/2023.

Access to Document

  • THESIS - DOCTOR OF PHILOSOPHY - HOSSAIN, Md Zakir - 2021

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