Zhu, Chafen; Wang, Li; Yang, Tengfei - In: China Journal of Accounting Research 7 (2014) 3, pp. 179-201
This study systematically examines the ability of aggregate insider trading to predict future market returns in the Chinese A-share market. After controlling for the contrarian investment strategy, aggregate executive (large shareholder) trading conducted over the past six months can predict 66%...
