Performance-Effekte nach Directors’ Dealings in Deutschland, Italien und den Niederlanden

Directors’ Dealings have been extensively analysed especially for U.S. and U.K.stock markets. This event study is meant to bridge the gap for Germany, Italy andthe Netherlands. The question to be investigated is whether board members andother company insiders earn abnormal returns with market transactions in theircompany’s stocks and whether other market participants can profitably adoptthese strategies at the time company insiders make these transactions public.