The impact of foreign ownership on the media’s role in curbing insider trading around private meetings
Journal of International Financial Markets, Institutions and Money(2023)
Abstract
•Media coverage is positively related to insider trading profitability in private meetings.•Foreign portfolio investment strengthens the positive relationship between media coverage and insider trading profitability.•Foreign direct investment strengthens the positive relationship between media coverage and insider trading profitability.•Foreign investments worsen the media’s role in disciplining insider trading in private meetings.
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Key words
Insider trading,Media,Foreign investment,Private meetings
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