Title: Turning financial markets inside out: how insider trading regulation really works
Authors: Ulrika Sjodin, Thomas Bay, Elton G. McGoun
Addresses: School of Business, Stockholm University, Roslagsvagen 101, 106 91 Stockholm, Sweden. ' School of Business, Stockholm University, Roslagsvagen 101, 106 91 Stockholm, Sweden. ' Bucknell University, 701 Moore Avenue, Lewisburg, PA 17837, USA
Abstract: Insider trading regulation produces excess speculation and stimulates deceptive stock exchange trading – the very things that it is supposed to eliminate. In Sweden, this was part of a deliberate political agenda to make financial markets livelier and more exciting, almost as if they were games. Now, the so-called |outsiders| (the public) are in fact confined inside the game, while the |insiders| (the market professionals) remain outside the game controlling the action.
Keywords: insiders; outsiders; insider trading; insider regulation; excess speculation; games; financial markets; stock markets; stock exchange trading; Sweden.
International Journal of Critical Accounting, 2010 Vol.2 No.4, pp.419 - 436
Published online: 27 Oct 2010 *
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