Document Type

Article

Department or Administrative Unit

Accounting

Publication Date

2013

Abstract

As the business world continues to expand in global markets, trading of shares, bonds, derivatives and other instruments continues to increase. One form of trading that has received considerable interest in recent years is insider trading. Insider trading occurs when individuals with potential access to non-public information about a corporation buy or sell stock of that corporation. When the information is material and non-public, such trading is illegal. However, if the trading is done in a manner that does not take advantage of non-public information, it is often permissible. This study compares insider trading laws, penalties, and convictions in countries represented by the 14 largest securities markets throughout the world and provides data indicating that there are important differences.

Comments

This article was originally published in International Journal of Accounting and Financial Reporting. The full-text article from the publisher can be found here.

Journal

International Journal of Accounting and Financial Reporting

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Rights

Copyright © 2013 James H. Thompson

Share

COinS