Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5086742 | Journal of Accounting and Economics | 2013 | 20 Pages |
Abstract
⺠We find insider trading to be more profitable in the presence of ineffective internal control. ⺠Incremental trading profitability disappears after weaknesses are remediated. ⺠The profitability of insider sales is greater for managers identified as lacking integrity. ⺠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
Hollis A. Skaife, David Veenman, Daniel Wangerin,