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Author Hamill, Philip A. ♦ Mcilkenny, Philip ♦ Opong, Kwaku K.
Source CiteSeerX
Content type Text
File Format PDF
Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Abstract Abstract. This paper examines the response of security prices to the share dealings by directors of small capitalised firms in the United Kingdom and tests as to whether the share dealings contain information with regard to the firm’s future financial performance. The results of the study indicate that investors respond positively to the information signals of directors ’ equity purchases. We find little evidence to suggest that directors ’ equity sales possess significant information content. The results suggest that there is a positive association between financial performance and the type of trade directors engage in. Key words: directors, excess returns, financial performance, financial variables 1.
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study
Learning Resource Type Article