The Role Of Investor Protection And Corporate Governance In Mitigating Insider Trading

Despite the efforts of governments to strengthen and enforce the investor protection laws, insider trading is still evident as insiders have been shown to counteract using new and more sophisticated trading methods to camouflage their actions. Although this study does not deny the effectiveness of l...

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Main Author: Lye, Chun Teck
Format: Thesis
Language:English
Published: 2017
Subjects:
Online Access:http://eprints.usm.my/48129/1/THE%20ROLE%20OF%20INVESTOR%20PROTECTION%20AND.pdf%20cut.pdf
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spelling my-usm-ep.481292021-01-19T01:50:00Z The Role Of Investor Protection And Corporate Governance In Mitigating Insider Trading 2017-11 Lye, Chun Teck HD28-70 Management. Industrial Management Despite the efforts of governments to strengthen and enforce the investor protection laws, insider trading is still evident as insiders have been shown to counteract using new and more sophisticated trading methods to camouflage their actions. Although this study does not deny the effectiveness of legal protection, an exploration of other potential mechanisms that could reinforce the function of investor protection in alleviating insider trading is still worthwhile. Therefore, this study aims to examine the underlying effects of country-level investor protection and corporate governance mechanisms (firm-level corporate governance, product market competition, and financial leverage) on insider trading. On top of a series of diagnostic tests and remedial approaches, this study also addresses the potential endogeneity and persistent insider trading issues by using the two-stage least squares and the dynamic generalized method of moments estimators. 2017-11 Thesis http://eprints.usm.my/48129/ http://eprints.usm.my/48129/1/THE%20ROLE%20OF%20INVESTOR%20PROTECTION%20AND.pdf%20cut.pdf application/pdf en public phd doctoral Universiti Sains Malaysia Pusat Pengajian Pengurusan (School of Management)
institution Universiti Sains Malaysia
collection USM Institutional Repository
language English
topic HD28-70 Management
Industrial Management
spellingShingle HD28-70 Management
Industrial Management
Lye, Chun Teck
The Role Of Investor Protection And Corporate Governance In Mitigating Insider Trading
description Despite the efforts of governments to strengthen and enforce the investor protection laws, insider trading is still evident as insiders have been shown to counteract using new and more sophisticated trading methods to camouflage their actions. Although this study does not deny the effectiveness of legal protection, an exploration of other potential mechanisms that could reinforce the function of investor protection in alleviating insider trading is still worthwhile. Therefore, this study aims to examine the underlying effects of country-level investor protection and corporate governance mechanisms (firm-level corporate governance, product market competition, and financial leverage) on insider trading. On top of a series of diagnostic tests and remedial approaches, this study also addresses the potential endogeneity and persistent insider trading issues by using the two-stage least squares and the dynamic generalized method of moments estimators.
format Thesis
qualification_name Doctor of Philosophy (PhD.)
qualification_level Doctorate
author Lye, Chun Teck
author_facet Lye, Chun Teck
author_sort Lye, Chun Teck
title The Role Of Investor Protection And Corporate Governance In Mitigating Insider Trading
title_short The Role Of Investor Protection And Corporate Governance In Mitigating Insider Trading
title_full The Role Of Investor Protection And Corporate Governance In Mitigating Insider Trading
title_fullStr The Role Of Investor Protection And Corporate Governance In Mitigating Insider Trading
title_full_unstemmed The Role Of Investor Protection And Corporate Governance In Mitigating Insider Trading
title_sort role of investor protection and corporate governance in mitigating insider trading
granting_institution Universiti Sains Malaysia
granting_department Pusat Pengajian Pengurusan (School of Management)
publishDate 2017
url http://eprints.usm.my/48129/1/THE%20ROLE%20OF%20INVESTOR%20PROTECTION%20AND.pdf%20cut.pdf
_version_ 1747821885405528064