Carimin Petroleum – Who knows best? (public release)

Conventional wisdom holds that corporate insiders have private information about the future prospects of their firms that outsiders do not have. A large literature about the trading of corporate insiders has provided robust evidence that insiders exploit their informational advantage and earn abnormal returns on their trades. Read Jaffe, 1974; Finnerty, 1976; Seyhun, 1986; Rozeff … Continue reading Carimin Petroleum – Who knows best? (public release)