Regulation of Insider Trading

Overview

Funding source: Austrian National Bank (OeNB), project number 17794

Funding amount: € 147,000

Duration: 01/2014-12/2022

Agenda

This project studies the impact of insider trading on markets. The topics under research include how insiders' presence and trading activity influence the efficiency of prices, the profitability of insiders' and non-insiders' investments, how insider regulation affects these relationships and how regulators can detect insiders.

Publications

Merl, R., Stöckl, T., Palan, S., Forthcoming. Insider trading regulation and shorting constraints. Evaluating the joint effects of two market interventions., Journal of Banking & Finance.

Stöckl, T., Palan, S., 2018. Catch me if you can. Can human observers identify insiders in asset markets?, Journal of Economic Psychology 67, 1–17.

Palan, S., Stöckl, T., 2017. When chasing the offender hurts the victim. The case of insider legislation, Journal of Financial Markets 35, 104–129.

Project updates

2022-03-24 | "Regulation of insider trading and short selling. Evaluating the joint effects of two market interventions." accepted by Journal of Banking and Finance.
2021-07-20 | Publication of working paper "Insider trading regulation and shorting constraints. Evaluating the joint effects of two market interventions."
2021-06-16 | Thomas Stöckl presents "Insider trading legislation and trader migration", Experimental Finance 2021, University of Innsbruck.
2021-06-16 | Dominik Schmid presents "Having a say on insider trading regulation. An experiment studying traders’ choice of regulation.", Experimental Finance 2021, University of Innsbruck.
2020-11-26 | Dominik Schmidt presents "Insider trading legislation and trader migration", Austrian Working Group on Banking and Finance, Graz, Austria.
2018-07-05 | Funding approved by Austrian National Bank (OeNB).
2018-05-27 | "Catch me if you can. Can human observers identify insiders in asset markets?" published in Journal of Economic Psychology.
2018-04-23 | "Catch me if you can. Can human observers identify insiders in asset markets?" accepted by Journal of Economic Psychology.
2017-09-05 | "When chasing the offender hurts the victim: The case of insider regulation" published in Journal of Financial Markets.
2016-07-29 | "When chasing the offender hurts the victim: The case of insider regulation" accepted by Journal of Financial Markets.
2014-11-21 | Stefan Palan presents "When chasing the offender hurts the victim: Collateral damage from insider legislation", Austrian Working Group on Banking and Finance, BFI Vienna.
2014-09-18 | Thomas Stöckl presents "When chasing the offender hurts the victim: Collateral damage from insider legislation", research seminar, University of Sussex.
2014-09-16 | "When chasing the offender hurts the victim: Collateral damage from insider legislation" published in Working Paper Series of the School of Business, Economics and Social Sciences, University of Graz.
2014-06-24 | Thomas Stöckl presents "When chasing the offender harms the victim: Insider trading legislation and the risk of collateral damage", Experimental Finance 2014, University of Zurich, Switzerland.
2014-06-04 | Thomas Stöckl presents "When chasing the offender harms the victim: Insider trading legislation and the risk of collateral damage", research seminar, University of Mannheim, Germany.
2014-05-23 | Thomas Stöckl presents "When chasing the offender harms the victim: Insider trading legislation and the risk of collateral damage", research seminar, University of Vienna, Austria.
2014-05-15 | Thomas Stöckl presents "When chasing the offender harms the victim: Insider trading legislation and the risk of collateral damage", research seminar, University of Trento, Italy.
2014-03-28 | Thomas Stöckl presents "When chasing the offender harms the victim: Insider trading legislation and the risk of collateral damage", research seminar, University of Zurich, Switzerland.