Advertising investments, information asymmetry, and insider gains

Extant research has documented various sources of informational advantages enjoyed by company insiders including firm size, analyst following, dividend payout policy, book-to-market ratio, and the presence or absence of R&D investments. Surprisingly, despite this large body of work, virtually no...

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Bibliographic Details
Published in:Journal of empirical finance 2013-06, Vol.22, p.1-15
Main Authors: Joseph, Kissan, Wintoki, M. Babajide
Format: Article
Language:English
Subjects:
Advertising
Asymmetric information
Expenditure
Information asymmetry
Insider gains
Insider trades
Investment
Investors
Portfolio selection
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