Article ID Journal Published Year Pages File Type
5086742 Journal of Accounting and Economics 2013 20 Pages PDF
Abstract
► We find insider trading to be more profitable in the presence of ineffective internal control. ► Incremental trading profitability disappears after weaknesses are remediated. ► The profitability of insider sales is greater for managers identified as lacking integrity. ► We highlight new market consequences of ineffective internal control and weak tone at the top.
Related Topics
Social Sciences and Humanities Business, Management and Accounting Accounting
Authors
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