Series: IMF Working Papers
Author(s): Shang-Jin Wei , and Julan Du
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2003
Keywords: insider trading, market volatility, stock market, market returns, inflation rate, stock exchange, General Financial Markets,
This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. The central finding is that countries with more prevalent insider trading have more volatile stock...