عناصر مشابهة

Market Efficiency and Insider Trading: Evidence from the Egyptian Stock Exchange

تفصيل البيانات البيبلوغرافية
المصدر:المجلة العلمية للاقتصاد والتجارة
الناشر: جامعة عين شمس - كلية التجارة
المؤلف الرئيسي: Albanna, Hatem Mohamed (مؤلف)
مؤلفين آخرين: Tawakol, Fady (Co-Author)
المجلد/العدد:ع1
محكمة:نعم
الدولة:مصر
التاريخ الميلادي:2018
الصفحات:639 - 668
DOI:10.21608/JSEC.2018.39050
ISSN:2636-2562
رقم MD:1050270
نوع المحتوى: بحوث ومقالات
اللغة:English
قواعد المعلومات:EcoLink
مواضيع:
رابط المحتوى:
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024 |3 10.21608/JSEC.2018.39050 
041 |a eng 
044 |b مصر 
100 |a Albanna, Hatem Mohamed  |e Author  |9 501021 
245 |a Market Efficiency and Insider Trading:  |b Evidence from the Egyptian Stock Exchange 
260 |b جامعة عين شمس - كلية التجارة  |c 2018 
300 |a 639 - 668 
336 |a بحوث ومقالات  |b Article 
520 |b Insider trading in securities occurs when a person in possession of nonpublic information about a company trades in the company’s securities. Insider traders enjoy a much favorable position than other non-insider traders because of their possession of such nonpublic information, and as a result insider trading has been a major issue for stock markets, regulators and of course researchers. In order to avoid problems of information asymmetry all countries have implemented regulations, forcing insiders to provide information concerning selling or buying shares of their firms. Preventing insider trading from taking advantage over other investors is necessary to comply with securities laws. This paper reviews the existing studies on insider trading, market efficiency, regulation and laws of insider trading, and then it examines the trading activities of insiders in the Egyptian stock exchange. The statistical difference between insider trading and average market returns is then tested. Results show that differences between insider trading and average market is not significantly different than zero, which encouragingly supports possibility of achieving the strong-form efficiency hypothesis in the Egyptian stock market. 
653 |a الأسهم المالية  |a السياسات النقدية  |a سوق الأوراق المالية  |a القوانين والتشريعات  |a مصر 
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700 |a Tawakol, Fady  |e Co-Author  |9 465217 
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