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- Title
FIRM DIVIDEND POLICY AND INSIDER ACTIVITY: SOME EMPIRICAL RESULTS.
- Authors
Oppenheimer, Henry R.; Dielman, Terry E.
- Abstract
This paper considers reported insider activity for groups of firms omitting (resuming) dividends after at least two years of payment (nonpayment). The pattern of insider trading in each firm is tested to determine if significant changes in insider trading activity occurred during the twelve months prior to dividend change announcement. Then those firms with significant change in insider trading activity are further examined to determine if insiders earned excess profits.
- Subjects
DIVIDENDS; REINVESTMENT; CORPORATE finance; DIVIDEND reinvestment; INSIDER trading in securities; SECURITIES
- Publication
Journal of Business Finance & Accounting, 1988, Vol 15, Issue 4, p525
- ISSN
0306-686X
- Publication type
Article
- DOI
10.1111/j.1468-5957.1988.tb00152.x