The existence of insider trading in Malaysia: an event study approach

Yusof, Abdul Hafiz and Mohd Nasarudin, Ahmad Fawwaz and Haris, Sharazad and Muhamad Yusuf, Noor Hafizha and Wan Zakaria, Wan Mohd Farid (2013) The existence of insider trading in Malaysia: an event study approach. Jurnal Intelek, 8 (1). pp. 12-23. ISSN 2231-7716

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Abstract

This paper focuses on the role of insider trading activity in Malaysia. It attempts to indicate the existence of the abnormal profit from this activity. Recently developed countries like United States and United Kingdom have reported that the activity can no longer gives abnormal profit for long period due to laws imposed in those countries, attention now turns to emerging market like Malaysia. By using event study analysis, 200 cases of insider trading activity reported between January 2008 and March 2009 were closely examine and the result shows that while abnormal return do exist, it is mostly not significant. This paper also looks at the individuals and institutional insider and their performances respectively.

Item Type:	Article (Journal)
Additional Information:	7732/57837
Uncontrolled Keywords:	Insider trading; Event study; Abnormal returns
Subjects:	H Social Sciences > HG Finance > HG4501 Stocks, investment, speculation
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr Ahmad Fawwaz Mohd Nasarudin
Date Deposited:	01 Aug 2017 14:42
Last Modified:	01 Aug 2017 14:42
URI:	http://irep.iium.edu.my/id/eprint/57837

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