A Comparative Empirical Investigation of Agency and Market Theories of Insider Trading

Theory of the firm: Managerial behavior, agency costs and ownership structure

1976 • 62,465 citations

The Market for "Lemons": Quality Uncertainty and the Market Mechanism

1970 • 21,732 citations

A Survey of Corporate Governance

1997 • 15,789 citations

Economic Welfare and the Allocation of Resources for Invention

1962 • 8,612 citations

Large Shareholders and Corporate Control

1986 • 8,353 citations

Asset pricing and the bid-ask spread

1986 • 5,250 citations

The information content of stock markets: why do emerging markets have synchronous stock price movements?

2000 • 2,950 citations

Financial markets and the allocation of capital

2000 • 1,884 citations

Stock return variances

1986 • 1,878 citations

Estimating the components of the bid/ask spread

1988 • 1,681 citations

Large Shareholders as Monitors: Is There a Trade‐Off between Liquidity and Control?

1998 • 1,473 citations

ON THE EFFICIENCY OF COMPETITIVE STOCK MARKETS WHERE TRADES HAVE DIVERSE INFORMATION

1976 • 1,388 citations

Corporate Financial Structure and Managerial Incentives

1982 • 1,063 citations

Insider Trading: Should It Be Prohibited?

1992 • 619 citations

Transparency and Liquidity: A Comparison of Auction and Dealer Markets with Informed Trading

1996 • 557 citations

The Relation Among Capital Markets, Financial Disclosure, Production Efficiency, and Insider Trading

1996 • 484 citations

Insider Trading and the Stock Market

1967 • 464 citations

When an event is not an event: the curious case of an emerging market

2000 • 385 citations

Criminal Procedure as a Market System

1983 • 161 citations

Regulation on Demand: A Private Interest Model, with an Application to Insider Trading Regulation

1987 • 89 citations

Insider Trading as an Agency Problem

1985 • 55 citations

The Optimal Regulation of Insider Trading

1996 • 44 citations

Mainstream Economics and the Case for Prohibiting Inside Trading

1993 • 39 citations

Insider Trading and Contracting: A Critical Response to the "Chicago School"

1986 • 36 citations

Securities law : insider trading

2007 • 36 citations

Insider Trading as a Transactional Cost: a Market Microstructure Justification and Optimization of Insider Trading Regulation

1993 • 21 citations