Gender Differences in Executives’ Access to Information
| Autor: | M. P. Narayanan, H. Nejat Seyhun, A. Can Inci |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
050208 finance Actuarial science 05 social sciences Sample (statistics) Inside information Access to information Accounting 0502 economics and business Profitability index Demographic economics Insider trading Limit (mathematics) Business 050207 economics Finance Disadvantage |
| Zdroj: | Journal of Financial and Quantitative Analysis. 52:991-1016 |
| ISSN: | 1756-6916 0022-1090 |
| Popis: | We provide novel evidence on gender differences in insider-trading behavior and the profitability of senior corporate executives. On average, both female and male executives make positive profits from insider trading. Males, however, earn significantly more than females in equivalent positions and also trade more than females. These gender differences disappear when we limit the sample to firms in which female trading is relatively high. Collectively, these results suggest that female executives have a disadvantage relative to males in access to inside information, even if they have equal formal status, and informal networks may play an important role in attenuating this disadvantage. |
| Databáze: | OpenAIRE |
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