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Author(s): Meziane Lasfer, Cass Business School, Piotr Korczak, Adriana Korczak, University of Bristol
In this paper, we provide evidence that insider buying is driven by the trade-off, while selling is primarily influenced by the deterring effect of the regulatory and reputation risks. We show that insiders strategically choose the amount of shares bought ahead of good news announcements.
Updated: 05/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 137
Author(s): Meziane Lasfer, Dimitrios Andriosopoulos, Cass Business School
This research paper investigates the market reaction to the announcement of intention to repurchase ordinary shares by UK, French and German firms over the ten year period 1997 to 2006. Consistent with the current literature, the results show that both in the UK and Germany share repurchases are increasingly popular and the market reaction is positive.
Updated: 06/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 73
Author(s): Meziane Lasfer, Cass Business School
An analysis the tax systems and tax reforms in Germany and the UK and test the hypothesis that ex-day returns are related to each country's tax differential between dividends and capital gains.
Updated: 06/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 227
Author(s): Meziane Lasfer, Cass Business School, Adriana Korczak, University of Bristol
This paper examines whether the increased legal and reputational constraints associated with cross-listing in the US reduces the propensity of insiders to trade on private information.
Updated: 06/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 49
This paper contrasts the costs and benefits of leasing, rather than owning, real estate assets.
Updated: 04/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 265
