xv, 175 pages : illustrations ; 22 cm.
Corporate finance and governance ; Bd. 2.
Originally presented as the author's thesis, 2009.
Bibliography, etc. Note
Includes bibliographical references (pages 165-175).
Formatted Contents Note
I.A. Overview and research objective I.B. Summary of results I.C. Research framework and course of investigation II. Legal and theoretical framework. II.A. Legal framework II.A.1. European financial regulation II.A.2. German insider dealing laws II.A.3. Excursus US laws II.B. Theoretical foundations II.B.1. Market efficiency II.B.2. Economic and legal perspectives on insider dealing III. Related literature. III.A. International literature III.A.1. Studies by Meulbroek and Cornell III.A.2. First studies on directors' dealings in the United States III.A.3. Studies by Seyhun III.A.3. Study by Rozeff & Zaman III.A.5. Studies on direectors' dealings and corporate actions III.B. Studies on the German market III.B.1. The study by Heidorn, Meyer, Pietrowiak III.B.2. The study by Rau III.B.3. The studies by Betzer and Theissen III.B.4. The study by Klinge, Seiffert, and Stehle III.B.5. The study by Tebroke and Wollin III.B.6. The study by Stotz III.B.7. The study by Dymke and Walter IV. Methodology and data. IV.A. Empirical methodology short-term study IV.A.1. Price building in capital markets IV.A.2. Event study methodology IV.A.3 Empirical methodology long-term event study IV.B. Data IV.B.1. Directors' dealings data IV.B.2. Return series and accounting data IV.B.3. Corporate actions data V. Empirical results. V.A. Empirical results short-term study V.A.1. Empirical results short-term study V.A.2. Firm size short-term results V.A.3. Insider group short-term results V.A.4. Summary of the short-term analysis V.B. Empirical results long-term study V.B.1. Long-term buy-and-hold abnormal returns V.B.2. Firm size long-term results V.B.3. Insider group long-term results V.B.4. Cross-sectional regression long-term BHAR V.C. Empirical results corporate actions and directors' dealings study V.C.1. Share repurchases V.C.2. Mergers and acquisitions V.C.3. Seasoned equity offerings V.C.4. Ordered-probit analysis of corporate actions and directors' dealings study V.C.5. Summary corporate actions and directors' dealings study VI. Excursus. VI.A. Description of dataset VI.B. Empirical results VI.B.1. Empirical results insider trading VI.B.2. Insider market manipulation VI.B.3. Insider price manipulation VI.B.4. Summary excursus insider dealing.