Search Results - subject:"Informed trader"

Strategic Trading of Informed Trader with Monopoly on Short- and Long-Lived Information

Noh, Chanwoo; Choi, Sungsub - In: Annals of Economics and Finance 10 (2009) 2, pp. 351-365

In his seminal paper, Kyle (1985) analyzed a market model with an informed trader who has monopoly on long …-lived information. We consider a market with the same participants as in Kyle's, but where the informed trader has monopoly on two types … of the informed trader is analyzed with the emphasis on the interactive effect of the two types of information. …

Persistent link: https://www.econbiz.de/10010554860

Abnormal Accrual, Informed Trader, and Long-Term Stock Return: Evidence from Japan

Muramiya, Katsuhiko; Otogawa, Kazuhisa; Takada, Tomomi - Research Institute for Economics and Business … - 2008

This study examines the association among abnormal accruals, long-term stock returns, and probability of informed trading. Some analytical and empirical research for postearnings announcement drift provide evidence that a high arrival rate of informed traders helps stock prices become more...

Persistent link: https://www.econbiz.de/10005042562