Skip to main content
SpringerLink
Log in

Insider Trading in Developing Economies

  • Chapter
Corporate Governance in Developing Economies

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 119.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Aquinas, St. Thomas. (1920). Summa Theologica, II-II, Q.77. Available at http://www.newadvent.org/ summa.

  • Bandow, D. (1988). Curbing raiders is bad for business. The New York Times, February 7.

    Google Scholar 

  • Barath, D. (1960). The just price and the costs of production according to St. Thomas Aquinas. New Scholasticism, 34, 420.

    Google Scholar 

  • Bartell, E. (1962). Value, price, and St. Thomas. The Thomist, 25(3), 359–360.

    Google Scholar 

  • Bubb, F. W. (1986). Hostile acquisitions and the restructuring of corporate America. The Freeman, 36(5), 166–176.

    Google Scholar 

  • Buttarazzi, J. E. (1987). Corporate takeovers: What is the federal role? Backgrounder 606, The Heritage Foundation, September 29.

    Google Scholar 

  • Carlton, D. W., & Fischel, D. R. (1983). The regulation of insider trading. Stanford Law Review, 35: 857–895.

    Article  Google Scholar 

  • Chiarella v. United States, 445 U.S. 222 (1980).

    Google Scholar 

  • Coffee, J. C., Jr., Grundfest, J. A., Romano, R., & Weidenbaum, M. L. (1988). Corporate takeovers: Who wins; who loses; who should regulate? Regulation, 88(1), 23–29, 47–51.

    Google Scholar 

  • Crisp, R. (1997). Mill on utilitarianism.London and New York: Routledge.

    Google Scholar 

  • Dalcourt, G. J. (1965). The philosophy and writings of St. Thomas Aquinas(p. 105). New York: Simon and Schuster/Monarch Press.

    Google Scholar 

  • Demsetz, H. (1969). Perfect competition, regulation, and the stock market, in Henry G. M. (ed.), Economic policy and the regulation of corporate securities.Washington, DC: American Enterprise Institute.

    Google Scholar 

  • Dirks v. Securities and Exchange Commission, 463 U.S. 646 (1983).

    Google Scholar 

  • Easterbrook, F. H. (1981). Insider trading, secret agents, evidentiary privileges, and the production of information. Supreme Court Review, 1981, 309–365.

    Google Scholar 

  • Finnerty, J. E. (1976). Insiders and market efficiency. The Journal of Finance, 31(4), 1141–1148.

    Article  Google Scholar 

  • Frey, R.G. (ed.) (1984). Utility and rights.Minneapolis, MN: University of Minnesota Press.

    Google Scholar 

  • Goodin, R.E. (1995). Utilitarianism as a public philosophy. Cambridge, UK and New York: Cambridge University Press.

    Google Scholar 

  • Herzel, L., & Katz, L. (1987). Insider trading: who loses? Lloyds Bank Review, July, 15–26.

    Google Scholar 

  • Hetherington, J. A. C. (1967). Insider trading and the logic of the law. Wisconsin Law Review, 1967: 720–737.

    Google Scholar 

  • Jarell, G. A., Brickley, J. A., & Netter, J. M. (1988). The market for corporate control: The empirical evidence since 1980. Journal of Economic Perspectives, Winter, 49–68.

    Google Scholar 

  • Jensen, M. C. (1984). Takeovers: Folklore and science. Harvard Business Review,November– December, 109–121.

    Google Scholar 

  • Johnson, J. A. (1986–87). Antitakeover legislation: Not necessary, not wise. Cleveland State Law Review, 35, 303–348.

    Google Scholar 

  • Kelly, W. A., Jr., Nardinelli, C., & Wallace, M. S. (1987). Regulation of insider trading: rethinking SEC policy rules. The Cato Journal, 7(2), 441–448.

    Google Scholar 

  • Macey, J. R. (1988). The SEC’s insider trading proposal: Good politics, bad policy.Policy Analysis No. 101. Washington, DC: Cato Institute, March 31, 2.

    Google Scholar 

  • Manne, H. G. (1966a) Insider trading and the stock market.JSD dissertation, Yale University, New Heaven, CT.

    Google Scholar 

  • Manne, H. G. (1966b). Insider trading and the stock market.New York: The Free Press.

    Google Scholar 

  • Manne, H. G. (1966c). In defense of insider trading. Harvard Business Review,November/ December, 113–122.

    Google Scholar 

  • Manne, H. G. (1970). Insider trading and the law professors. Vanderbilt Law Review, 23: 547–590.

    Google Scholar 

  • Manne, H. G. (1985). Insider trading and property rights in new information. The Cato Journal, 4(3), 933–943, reprinted in J. A. Dorn & H. G. Manne (eds.), Economic liberties and the judiciary. Fairfax, VA: George Mason University Press, 1987, 317–327.

    Google Scholar 

  • Manne, H. G. (1986). The real Boesky-case issue. The New York Times, November 25, A-27, column 1.

    Google Scholar 

  • Martin, J. K. (1986). Insider trading and the misappropriation theory: Has the second circuit gone too far? St. John’s Law Review, 16(1), 78–112.

    Google Scholar 

  • McGee, R. W. (1994). The fatal flaw in NAFTA, GATT and All other trade agreements. Northwestern Journal of International Law & Business, 14(3), 549–565.

    Google Scholar 

  • McMenamin, M. (1988, October). Witchhunt. Reason, 20(5), 34–40.

    Google Scholar 

  • Morgan, R. J. (1987). Insider trading and the infringement of property rights. Ohio State Law Journal, 48, 79–116.

    Google Scholar 

  • Organisation for Economic Co-operation and Development (2004). Principles of Corporate Governance. Paris: Author.

    Google Scholar 

  • Padilla, A. (2002). Can agency theory justify the regulation of insider trading? The Quarterly Journal of Austrian Economics, 5(1), 3–38.

    Article  Google Scholar 

  • Prychitko, D. L. (1987).Corporate takeovers and shareholder interests.Issue Alert No. 13, Washington, DC: Citizens for a Sound Economy, April 16.

    Google Scholar 

  • Rider, B. A., & Ffrench, L. (1979). The regulation of insider trading.Dobbs Ferry, NY: Oceana.

    Google Scholar 

  • Romano, R. (1987). The political economy of takeover statutes. Virginia Law Review, 73: 111–199.

    Article  Google Scholar 

  • Rothbard, M. N. (1970). Man, economy and state.Los Angeles, Nash Publishing.

    Google Scholar 

  • Schotland, R. A. (1967). Unsafe at any price: A reply to manne, insider trading and the stock market. Virginia Law Review, 53, 1425–1478.

    Article  Google Scholar 

  • Scott, K. E. (1980, December). Insider trading: rule 10b-5, disclosure and corporate privacy. Journal of Legal Studies, 9, 801–818.

    Google Scholar 

  • Shaw, W. H. (1999). Contemporary ethics: Taking account of utilitarianism.Malden, MA and Oxford: Blackwell Publishers.

    Google Scholar 

  • Webster (1964). Webster’s new world dictionary of the American Language (College ed.). Cleveland and New York: World Publishing Co.

    Google Scholar 

  • Woodward, S. E. (1988). How much Indiana’s anti-takeover law cost shareholders. The Wall Street Journal, May 5.

    Google Scholar 

  • World Bank. (2002). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Mauritius, October.World Bank. Retrieved from http://www. worldbank.org.

  • World Bank. (2003). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Chile, May.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2003). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Colombia, August.World Bank. Retrieved from http://www. worldbank.org.

  • World Bank. (2003). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Republic of Korea, September.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2003). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Mexico, September. World Bank. Retrieved from http://www. worldbank.org.

  • World Bank. (2003). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Republic of South Africa, July.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2004). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Egypt, March.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2004). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, India, April.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2004). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Republic of Indonesia, April.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2004). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Jordan, June.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2004). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Panama, June.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2004). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Republic of Peru, June.World Bank. Retrieved from http://www. worldbank.org.

  • World Bank. (2005). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Brazil, May.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2005). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Ghana, May.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2005). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Malaysia, June.World Bank. Retrieved from http://www. worldbank.org.

  • World Bank. (2005). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Nepal, April.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2005). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Pakistan, June.World Bank. Retrieved from http://www. worldbank.org.

  • World Bank. (2005). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Thailand, June.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2005). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Uruguay. September.World Bank. Retrieved from http://www. worldbank.org.

  • World Bank. (2006). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Bhutan, December.World Bank. Retrieved from http://www. worldbank.org.

  • World Bank. (2006). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Philippines, May.World Bank. Retrieved from http://www. worldbank.org.

  • World Bank. (2006). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Senegal, June.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (2006). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Vietnam, June.World Bank. Retrieved from http://www. worldbank.org.

  • World Bank. (n.d.). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Turkey.World Bank. Retrieved from http://www.worldbank.org.

  • World Bank. (n.d.). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Zimbabwe.World Bank. Retrieved from http://www.worldbank.org.

  • Wu, H.K. (1968, February). An economist looks at section 16 of the securities exchange act of 1934. Columbia Law Review, 68: 260–269

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Florida International University, Miami FL, USA

    Robert W. McGee

Authors
  1. Robert W. McGee
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Florida International University 3000 NE., 151st Street, North MiamiFL 33181, USA

    Robert W. McGee

Rights and permissions

Reprints and permissions

Copyright information

© 2009 Springer Science +Business Media, LLC

About this chapter

Cite this chapter

McGee, R.W. (2009). Insider Trading in Developing Economies. In: McGee, R.W. (eds) Corporate Governance in Developing Economies. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-84833-4_7

Download citation

Publish with us

Policies and ethics

Search

Navigation