Insider trading may convey information to the market and promote accuratepricing of stocks. In this dissertation, I investigate insider trading at the turn of thecentury.In the first essay, I investigate insider trading activity in technology stocks duringthe high price - high volatility period...

In the first essay, we provide new evidence on the relationship between order flow and prices, an issue that is central to asset pricing and market microstructure. We examine proprietary data on a broad panel of NYSE-listed stocks that reveal daily order imbalances by institutions, individuals,...

Prior research has established that stocks with high dispersion of earningsforecasts or short interest are associated with low subsequent returns. Assumingdispersion of forecasts is a proxy for divergence of opinions and short interest is a proxyfor short selling constraints, these results have...