Abstract
The pivotal theme of this study is to make PSX efficient by developing a
comprehensive mechanism just like developed countries so that
Pakistan’s economy could be brought at par with them.In this study
four sectors of Pakistani.e. Cement, textile, pharmaceutical & chemical
were explored with 1458 observations were explored.The research
confirmed that during bubble period E’sM, insider trading, Firm’s
based & Managerial based Compensation existed especially in those
firms who inflated their shares. Another major finding of this research
is that illegal insider trading has been detected in the PSX during all
phases of bubble.
Keywords: Insider trading, Earnings Management, Abnormal Accruals,
Stock Market Bubble, Equity Issuance, Panel Data.
Waleed Khalid, kashif ur rehman. (2019) Impact of Insider Trading & Earnings Management on the Mechanism of Pakistani Stock Market During Stock Market Bubble, Journal of Managerial Sciences, Volume 13, Issue 3.
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