Journals Proceedings

International Journal of Business and Management Study

The Impact of Corporate News Announcement on Insider Trading: Evidence from the Stock Exchange of Thailand

Author(s) : CHAYANIT LAONIRAMAI, NAREERAT TAECHAPIROONTONG

Abstract

The purpose of this study is to examine insider trading behavior reaction to news announcement by using firms listed on the Stock Exchange of Thailand (SET). The results show that the information content are significant to insider buys but not to insider sells. In other words,only insider buys are associated with abnormal returns. However, corporate news disclosures greatly impact insider sells. Trading before good news announcement shows significant abnormal return for both sells and buys, specifically, insider buys prior to good news significantly impact on stock prices.

No fo Author(s) : 2
Page(s) : 21 - 27
Electronic ISSN : 2372-3955
Volume 5 : Issue 2
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