Board Gender Diversity,Investor Protection,and Private Information-Based Trading |
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Authors: | Chun-Teck Lye Jiunn-Shyan Khong |
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Institution: | 1. Faculty of Business, Multimedia University, Melaka, Malaysia https://orcid.org/0000-0003-1750-7636;2. School of Management, Universiti Sains Malaysia, Pulau Pinang, Malaysia |
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Abstract: | ABSTRACTThis study examines the effects of board gender diversity and investor protection on private information-based trading and its persistent form. The results generally show that board gender diversity plays a significant part in preventing stock trading activities based on private information as well as persistent private information-based trading. Investor protection is also found to be significant and more pronounced in mitigating private information-based trading, but its function is hindered by the persistence of private information-based trading. Overall, the findings suggest that, besides strengthening the investor protection, policymakers should also encourage the involvement of women on boards of directors. |
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Keywords: | Gender diversity insider investor protection private information women director |
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