Insider Trading around Dividend Announcements: Theory and Evidence

Job Market Signaling

1973 • 12,677 citations

Management ownership and market valuation

1988 • 7,109 citations

INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

1977 • 4,200 citations

The Determination of Financial Structure: The Incentive-Signalling Approach

1977 • 3,814 citations

Informational Asymmetries, Financial Structure, and Financial Intermediation

1977 • 3,499 citations

Signaling Games and Stable Equilibria

1987 • 3,289 citations

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

Imperfect Information, Dividend Policy, and "The Bird in the Hand" Fallacy

1979 • 2,777 citations

Managerial control of voting rights

1988 • 2,602 citations

Price and Advertising Signals of Product Quality

1986 • 2,289 citations

Equity issues and offering dilution

1986 • 1,479 citations

Dividends, Dilution, and Taxes: A Signalling Equilibrium

1985 • 1,404 citations

Special Information and Insider Trading

1974 • 1,307 citations

Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis

1980 • 1,082 citations

Common stock repurchases and market signalling

1981 • 1,054 citations

Seasoned equity offerings

1986 • 943 citations

The Impact of Initiating Dividend Payments on Shareholders' Wealth

1983 • 835 citations

Dividend announcements

1989 • 816 citations

Common stock repurchases

1981 • 737 citations

DIVIDEND ANNOUNCEMENTS, SECURITY PERFORMANCE, AND CAPITAL MARKET EFFICIENCY

1972 • 624 citations

Informational Equilibrium

1979 • 588 citations

INSIDERS AND MARKET EFFICIENCY

1976 • 509 citations

Market Efficiency and Insider Trading: New Evidence

1988 • 461 citations

Dividend information, stock returns and market efficiency-II

1978 • 435 citations

The Information Content of Aggregate Insider Trading

1988 • 355 citations

Insider Trading and the Exploitation of Inside Information: Some Empirical Evidence

1985 • 328 citations

Efficient Signalling with Dividends and Investments

1987 • 326 citations

Predictive and Statistical Properties of Insider Trading

1968 • 298 citations

Repurchase Tender Offers, Signaling, and Managerial Incentives

1984 • 262 citations

The Effect of Regulation Changes on Insider Trading

1974 • 231 citations

A Sequential Signalling Model of Convertible Debt Call Policy

1985 • 180 citations

Insider Trading, Ownership Structure, and the Market Assessment of Corporate Sell‐Offs

1989 • 115 citations

Information Content of Insider Trading Around Corporate Announcements: The Case of Capital Expenditures

1990 • 105 citations

The January Effect and Aggregate Insider Trading

1988 • 84 citations

Insiders' Activity and Inside Information: A Multivariate Analysis

1976 • 80 citations

Deleted Work

1955 • 0 citations