Tavakoli, Manouchehr; McMillan, David; McKnight, Phillip J. - In: International Review of Economics & Finance 22 (2012) 1, pp. 254-266
We examine the informational content of insider trades and its value to market investors using a US dataset. Overall, our results support the view that insider actions have positive predictive power for future returns. However, these results may come with some caveats. First, it is not the...