IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-61714-8_8.html
   My bibliography  Save this book chapter

Insider Trading and Large Chapter II Bankruptcies: 1995–2006

In: Financial Institutions and Markets

Author

Listed:
  • Tareque Nasser
  • Benton E. Gup

Abstract

Several large firms that have filed for bankruptcy in recent years had been engaged in unscrupulous accounting and business practices, including, but not limited to, insider trading. For instance, several executives of World Com were either convicted or confessed to fraud and illegal insider trading. Bernard Ebbers, World Com’s chief executive, was sentenced to 25 years in prison for orchestrating his $11 billion fraud of the bankrupted telecommunication giant.’ Similarly, some Enron executives confessed to fraud and illegal insider trading and were convicted for their crimes. As a result of World Com and Enron debacles, lawmakers passed the Sarbanes-Oxley Act (SOX) that focused on corporate governance. Insider trading is one aspect of corporate governance that needs to be examined. In this chapter we explore insider trading in large U.S. publicly traded firms with assets of $1 billion or more that filed for Chapter 11 bankruptcy protection.

Suggested Citation

  • Tareque Nasser & Benton E. Gup, 2008. "Insider Trading and Large Chapter II Bankruptcies: 1995–2006," Palgrave Macmillan Books, in: Robert R. Bliss & George G. Kaufman (ed.), Financial Institutions and Markets, chapter 8, pages 181-210, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-61714-8_8
    DOI: 10.1057/9780230617148_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-61714-8_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.