Do Insiders of Technology and Contract-oriented Firms Possess Superior Information about Future Performance
نویسندگان
چکیده
This study investigates the magnitude of insider profits in Canada and the ability of outsiders to earn abnormal returns. We focus on three groups of Canadian firms, technology firms, firms whose revenues are contract-oriented, and firms that do not fall under these two categories (general firms). We propose that insiders of the first two groups are likely to possess information that are generally different in significance and level of asymmetry from the information that insiders of general firms will possess.
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