IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/119183.html
   My bibliography  Save this paper

UK directors' trading: the impact of dealings in smaller firms

Author

Listed:
  • Gregory, Alan
  • Matako, John
  • Tonks, Ian
  • Purkis, Richard

Abstract

This paper reassesses the UK results of significant abnormal returns from directors' trading for a new sample of directors' trades 1984-1986, and finds that abnormal returns tend to be concentrated in smaller firms. When an appropriate benchmark portfolio is used, it is found that the significance of the abnormal returns is substantially reduced, with the implication that directors' trading does not yield particularly high profits to either the directors themselves or to an outside investor mimicking those trades.

Suggested Citation

  • Gregory, Alan & Matako, John & Tonks, Ian & Purkis, Richard, 1993. "UK directors' trading: the impact of dealings in smaller firms," LSE Research Online Documents on Economics 119183, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:119183
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/119183/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • G00 - Financial Economics - - General - - - General

    Statistics

    Access and download statistics

    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:ehl:lserod:119183. 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: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    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.