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Insider Trading: the Case of Family Business and Capitalization Levels Event study on earning announcements.: Master’s thesis within Business Administration
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2015 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Is the stock market reacting differently when it comes to family businesses than non-family businesses? It is known that family firms have a special effect on investors especially when it comes to news and decision making. This study is focused on the insider trading issue on the Swedish financial market. We apply the event study methodology on 1280 observations of interim and annual financial report announcements, taken from family and non-family companies. We found family businesses more secure when it comes to insider trading. The market is more susceptible to reaction when the financial news are released by non-family firms. The difference between the two categories is up to 10%. The study contains an insider trading analysis by taking into account the capitalization level, the interim versus annual report and the family status. We also discuss and contrast the Swedish law with insider trading efficiency and ethical aspects.

Place, publisher, year, edition, pages
2015. , 34 p.
Keyword [en]
Event study, insider trader, information leakage, abnormal returns, earning announcements, family business, capitalization levels.
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:hj:diva-26973ISRN: JU-IHH-FÖA-2-20150052OAI: oai:DiVA.org:hj-26973DiVA: diva2:817306
Subject / course
IHH, Business Administration
Presentation
2015-05-31, B3008, högskolan i jönköping, Jönköping, 17:00 (English)
Supervisors
Examiners
Available from: 2015-06-30 Created: 2015-06-05 Last updated: 2015-06-30Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf