For the past few decades, transfer prices have been a major source of conflict between governments and multinational firms. During the late 1980s and early 1990s, many countries established regulations aimed at limiting firms' abilities to avoid taxes through transfer pricing policies that move...

We explain the probability of a trade at the asking price across time. The database contains intraday bidâ€ask quotes and transaction prices on the Australian Stock Exchange. We find systematic patterns in the probability of a trade at the asking price, corresponding to previously documented...

We examine the impact of stock exchange trading rules and surveillance on the frequency and severity of suspected insider trading cases in 22 stock exchanges around the world over the period January 2003 through June 2011. Using new indices for market manipulation, insider trading, and...