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Insider Trading and Innovation

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NBER2015-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21634
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This paper assesses whether legal systems that protect outside investors from corporate insiders increase or decrease the rate of technological innovation. Based on over 75,000 industry-country-year observations across 94 economies from 1976 to 2006, we find that enforcing insider trading laws spurs
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2015-10-01
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