Timing Stock Trades for Personal Gain By CEOs

Timing Stock Trades for Personal Gain By CEOs

“In this study we investigate whether CEOs systematically profit from sales of large blocks of their personal shares which we define as sales involving at least one percent of the firm’s market capitalization. We focus on the effectiveness of Rule 10b5-1 in limiting opportunistic sales and in the CEO- and firm- specific characteristics associated with such trades.” -- Fich, Eliezer M. and Parrino, Robert and Tran, Anh L., Timing Stock Trades for Personal Gain: Private Information . . .

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