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Collections :	Ιδρυματικό Αποθετήριο ΟΠΑ / AUEB Institutional Repository Σχολή Διοίκησης Επιχειρήσεων / School of Business Τμήμα Λογιστικής και Χρηματοοικονομικής / Department of Accounting and Finance Μεταπτυχιακές Εργασίες / Postgraduate dissertations

Title :	Do valuation measures provide any insight on inside trading practices and possibility of observing abnormal returns from such trading? The Athens Stock Exchange case

Creator :	Σαραπχανάς, Βασίλειος Sarapchanas, Vasilios

Contributor :	Γιαμουρίδης, Δανιήλ (Επιβλέπων καθηγητής) Λελεδάκης, Γεώργιος (Εξεταστής) Τσεκρέκος, Ανδριανός (Εξεταστής) Athens University of Economics and Business, Department of Banking and Finance (Degree granting institution)

Type :	Text

Extent :	108 pages

Language :	en

Identifier :	http://www.pyxida.aueb.gr/index.php?op=view_object&object_id=5259

Abstract :	This paper examines the trading preferences of insiders participating in the Athens Stock Exchange for the 2006 - 2012 period, using different measures of insider trading activity, as well as different valuation measures that attempt to capture the preferences of such insiders. Cumulative Abnormal Returns are assessed from trading portfolios based on such insider trading to evaluate the possibility of market inefficiency of the Athens Stock Exchange, as a result of potentially profitable trading by outsiders, who mimic the trading activity of insiders. Results based on the methodology proposed are open to interpretation of the different transaction costs that may be applied.

Abstract :

This paper examines the trading preferences of insiders participating in the Athens Stock Exchange for the 2006 - 2012 period, using different measures of insider trading activity, as well as different valuation measures that attempt to capture the preferences of such insiders. Cumulative Abnormal Returns are assessed from trading portfolios based on such insider trading to evaluate the possibility of market inefficiency of the Athens Stock Exchange, as a result of potentially profitable trading by outsiders, who mimic the trading activity of insiders. Results based on the methodology proposed are open to interpretation of the different transaction costs that may be applied.

Subject :	Stock Exchange Market Investor Share

Date Available :	2017-02-08 13:14:07

Date Issued :	10/31/2014

Date Submitted :	2017-02-08 13:14:07

Access Rights :	Free access

Licence :

File: Sarapchanas_2014.pdf

Type: application/pdf

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