Do insider investment horizons contain information? Evidence from Australia

Lai T. Hoang, Zakir Hossain, Jamie Y. Tong, Joye W. Yang

Research output: Contribution to journalArticlepeer-review


We examine the information content of insiders' investment horizon using a large sample of Australian insider trades from 2002 to 2021. In contrast to the finding of Akbas et al. (2020) in the U.S. context, we find that, while Australian insiders are predictive of future abnormal returns, their trading horizon contains little relevant information. We further find that Australian insider trades are dominated by purchasing transactions, which is contrary to the U.S. insider transactions that are predominately selling transactions. Our study provides useful insights for investors who are interested in detecting insiders' information, and for policy makers who strive for setting more effective insider trading laws.
Original languageEnglish
Article number101946
Number of pages8
JournalPacific Basin Finance Journal
Early online date25 Jan 2023
Publication statusE-pub ahead of print - 25 Jan 2023

Bibliographical note

Publisher Copyright:
© 2023


  • Australian insiders
  • Investment horizons
  • Information
  • Legal environment

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)


Dive into the research topics of 'Do insider investment horizons contain information? Evidence from Australia'. Together they form a unique fingerprint.

Cite this