Professor Nejat Seyhun will discuss a new paper on "insider giving," as a potent substitute for insider trading due to lax reporting requirements and legal restrictions.
Professor Seyhun and his collaborators investigate racial differences in insider trading behavior by corporate leaders to evaluate whether African-American corporate executives have equal access to networks that generate valuable insider informati
“Insider giving” is a potent substitute for insider trading. Professor Seyhun and co-authors S. Burcu Avci, Cindy A. Schipani, and Andrew Verstein show that insider giving is far more widespread than previously believed.
