Internal Transactions for Multiple Risky Assets

• 作者: Qiong Zhang Shuang Chen
• 来源期刊: 统计学期刊(英文)
• 学科: 医学
• 关键词: INSIDER TRADING MULTIPLE Risky ASSETS MULTI-PERIOD Noise TRADER
• 年，卷（期）: 2019,（1）
• 页码范围: 85-99
• 页数: 15页
• 分类号: R73

摘要

Most of the articles about insider trading assume that there is only one risky asset in the market. On the basis of these papers, this thesis is mainly divided into three parts to study the situation of multiple risky assets in the market. In the first part, the situation of multiple risky assets in the market when two transactions are in progress is studied and then, the equilibrium when the market requires the internal traders to disclose the trading volume after each transaction is analyzed. In the second part, the equilibrium of multi-period based on the two phases of transaction is derived. The third part is the summary of the paper.