Fidrmuc, Jana P.; Korczak, Adriana; Korczak, Piotr - In: Journal of Banking & Finance 37 (2013) 6, pp. 1915-1935
We use a unique data set of more than 240,000 reported insider transactions across 15 European countries and the USA to analyze the link between country-level shareholder protection and abnormal returns following insider trades. We show that abnormal returns after insider transactions are...