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dc.contributor.authorAndersson, Erik
dc.contributor.authorHaliti, Granit
dc.date.accessioned2022-07-11T13:14:16Z
dc.date.available2022-07-11T13:14:16Z
dc.date.issued2022-07-11
dc.identifier.urihttps://hdl.handle.net/2077/72753
dc.description.abstractThis paper studies insider trading and abnormal returns on the Large Cap list of the Swedish stock exchange using a sample of 119 firms and 10528 individual transactions between the period 2016-2022. The study is built on the theoretical framework of the efficient market hypothesis and information asymmetry. The research questions are answered using an event study combined with a regression model for hypothesis testing. The results imply that insider trading generates abnormal returns. Furthermore, the study finds a difference in the extent of abnormal returns when comparing buy- and sell transactions. However, similar results are not found when comparing insiders of different seniority. When considering individual days, the results indicate that abnormal returns occur the day before, one- and two days after the day of which news of insider transactions are published.en
dc.language.isoengen
dc.relation.ispartofseries202207:118en
dc.subjectAbnormal returnsen
dc.subjectInsider tradingen
dc.subjectThe Efficient Market Hypothesisen
dc.subjectEvent studyen
dc.subjectMarket Abuse Regulationen
dc.subjectMarket Abuse Directiveen
dc.subjectDay of publicationen
dc.subjectDay of transactionen
dc.titleAbnormal returns from insider trading - does insider trading generate abnormal returns for the Swedish stock exchange and large cap Stockholm?en
dc.title.alternativeAbnormal avkastning via insynshandel - genererar insynshandel abnormal avkastning på den svenska aktiemarknaden och large cap Stockholm?en
dc.typetext
dc.setspec.uppsokSocialBehaviourLaw
dc.type.uppsokM2
dc.contributor.departmentUniversity of Gothenburg/Department of Economics
dc.contributor.departmentGöteborgs universitet/Institutionen för nationalekonomi med statistik
dc.contributor.departmentUniversity of Gothenburg/Department of Business Administration
dc.contributor.departmentGöteborgs universitet/Företagsekonomiska institutionen
dc.type.degreeStudent essay


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