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Journals / Journal of Research in Economics / 2019 / Cilt: 3 - Sayı: 2

AN OVERVIEW OF INSIDER TRADING IN BORSA ISTANBUL

Özlem AKIN
Gözde Sungu ESEN
Pages
76–90
Publication Date
2019-10-27
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Furthermore, our results have important implications for regulatory authorities who are responsible to maintain well-functioning financial markets which will facilitate increased prosperity and economic growth.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:We analyze insider trading patterns in firms listed in Borsa Istanbul using a unique and most comprehensive regulatory dataset for the first time.
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Key Findings & Data:The dataset provided by Turkey’s Central Securities Depository contains the number and volume of insiders’ buy and sell transactions during the period 2009 – 2015.
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Conclusion & Impact:Furthermore, our results have important implications for regulatory authorities who are responsible to maintain well-functioning financial markets which will facilitate increased prosperity and economic growth.
🔬Design:Research Article
📍Scope:2009 – 2015 Verileri
⚙️Variables:Insider Tracking · Efficient Markets · Emerging Countries

Abstract

We analyze insider trading patterns in firms listed in Borsa Istanbul using a unique and most comprehensive regulatory dataset for the first time. The dataset provided by Turkey’s Central Securities Depository contains the number and volume of insiders’ buy and sell transactions during the period 2009 – 2015. We observe that (i) corporate insiders are active traders in Turkish stock market, (ii) the trading patterns vary across different sized firms, and finally, (iii) insiders at different positions trade differently. This study enhances understanding of insider trading behavior in an emerging market. Furthermore, our results have important implications for regulatory authorities who are responsible to maintain well-functioning financial markets which will facilitate increased prosperity and economic growth.

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Cite This Article

AKIN, Ö., ESEN, G. S. (2019). AN OVERVIEW OF INSIDER TRADING IN BORSA ISTANBUL. Journal of Research in Economics, Cilt: 3 - Sayı: 2, 76–90. https://ajindex.com/articles/372332

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