Chulalongkorn University Theses and Dissertations (Chula ETD)
Other Title (Parallel Title in Other Language of ETD)
การซื้อขายหลักทรัพย์โดยใช้ข้อมูลภายในใน บริษัท ครอบครัว: หลักฐานจากประเทศไทย
Year (A.D.)
2020
Document Type
Independent Study
First Advisor
Suparatana Tanthanongsakkun
Faculty/College
Faculty of Commerce and Accountancy (คณะพาณิชยศาสตร์และการบัญชี)
Department (if any)
Department of Banking and Finance (ภาควิชาการธนาคารและการเงิน)
Degree Name
Master of Science
Degree Level
Master's Degree
Degree Discipline
Finance
DOI
10.58837/CHULA.IS.2020.78
Abstract
This study examines the profitability of corporate insider trading in Thailand's stock market and whether the abnormal return depends on the company's characteristics and insider characteristics. The result shows that there is a significant abnormal return on corporate insider trading transactions. The difference in ownership structure is also important, with the results supporting that insider trading by family firms is more profitable than non-family firms. Moreover, the finding indicates that the trading of CEOs has more valuable information about the company's prospects than other insiders.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Recommended Citation
Pramukkiattiyos, Paweenon, "Insider trading in family firms: evidence from Thailand" (2020). Chulalongkorn University Theses and Dissertations (Chula ETD). 7593.
https://digital.car.chula.ac.th/chulaetd/7593