Insider giving
Speaker
Nejat Seyhun, Jerome B. and Eileen M. York Professor of Business Administration, Professor of FinanceDate & time
May 6, 2021,
12:00-1:00 pm EDT
Location
This is a Virtual Event.
Corporate insiders can avoid losses if they dispose of their stock while in possession of material, non-public information. One means of disposal, selling the stock, is illegal and subject to prompt mandatory reporting. A second strategy is almost as effective and it faces lax reporting requirements and legal restrictions. That second method is to donate the stock to a charity and take a charitable tax deduction at the inflated stock price. “Insider giving” is a potent substitute for insider trading. Professor Seyhun and co-authors S. Burcu Avci, Cindy A.
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