RT Article
T1 The effect of the recent insider-trading scandal on stock prices of securities firms
JF Journal of business ethics
VO 8
IS 4
SP 299
OP 303
A1 Torabzadeh, Khalil M.
A1 Davidson, Dan
A1 Assar, Hamid
A2 Davidson, Dan
A2 Assar, Hamid
LA English
YR 1989
UL https://ixtheo.de/Record/1785599348
AB This paper addresses the impact of the unethical business conduct of a few individuals that shook the financial market in 1986. Specifically, in the study undertaken for this paper, the wealth status of the shareholders of securities firms was examined in relation to the public disclosure of the insider-trading scandals involving Dennis Levine, Ivan Boesky, and their confederates. It was hypothesized that the expected market-adjusted stock returns for the securities firms would be negative as a result of the scandals. The findings of the study supported the hypothesis.
K1 Public Disclosure
K1 Stock Prex
K1 Stock Return
K1 Financial Market
K1 Economic Growth
DO 10.1007/BF00383344