Strategic insider trading: Disguising order flows to escape trading competition

Short sellers actively exploit trading opportunities from insider sales. We argue that, in response to concern about potential order flow information leakage, insiders strategically disguise their order flows to escape trading competition. Our model predicts that, when short sellers are sensitive to...

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Bibliographic Details
Main Authors: Dingwei Gu, Xin Liu, Hanwen Sun, Huainan Zhao
Format: Default Article
Published: 2021
Subjects:
Finance
Banking, Finance and Investment
Cautious Strategy
Trading Competition
Order Flows
Short Selling
Insider Trading
Online Access:https://hdl.handle.net/2134/14737506.v1
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https://hdl.handle.net/2134/14737506.v1

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