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Keywords: business partners
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Journal Articles
The Accounting Review (2021) 96 (4): 367–404.
Published: 01 July 2021
... trading to proxy for shadow trading, we find increased levels of informed trading among business partners and competitors before a firm releases private information. To rule out alternative explanations, we examine two shocks to insiders' incentives to engage in shadow trading: high-profile regulatory...
Includes: Supplementary data