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題名 Are busy directors uninformed or unmotivated to monitor? Evidence from insider trading
作者 車倫周; 金帛春
Cha, Yunju; Kim, Baek-Chun
貢獻者 財管系; 金融系
關鍵詞 Busy directors; insider trading; firm value; future stock price crashes
日期 2025-11
上傳時間 9-Jan-2026 10:00:32 (UTC+8)
摘要 We examine whether busy directors are uninformed due to time constraints or informed but choose not to monitor. They earn significant profits and trade larger volumes from their sales, suggesting they are well informed, particularly on bad news. However, firms with profitable busy directors tend to underperform and their net sales predict future stock price crashes. The results suggest that their inefficient monitoring stem from selective discretion rather than information scarcity, challenging the notion that time constraints limit busy directors’ access to firm information.
關聯 Applied Economics Letters, pp.1-6
資料類型 article
DOI https://doi.org/10.1080/13504851.2025.2591290
dc.contributor 財管系; 金融系-
dc.creator (作者) 車倫周; 金帛春-
dc.creator (作者) Cha, Yunju; Kim, Baek-Chun-
dc.date (日期) 2025-11-
dc.date.accessioned 9-Jan-2026 10:00:32 (UTC+8)-
dc.date.available 9-Jan-2026 10:00:32 (UTC+8)-
dc.date.issued (上傳時間) 9-Jan-2026 10:00:32 (UTC+8)-
dc.identifier.uri (URI) https://ah.lib.nccu.edu.tw/item?item_id=180568-
dc.description.abstract (摘要) We examine whether busy directors are uninformed due to time constraints or informed but choose not to monitor. They earn significant profits and trade larger volumes from their sales, suggesting they are well informed, particularly on bad news. However, firms with profitable busy directors tend to underperform and their net sales predict future stock price crashes. The results suggest that their inefficient monitoring stem from selective discretion rather than information scarcity, challenging the notion that time constraints limit busy directors’ access to firm information.-
dc.format.extent 109 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) Applied Economics Letters, pp.1-6-
dc.subject (關鍵詞) Busy directors; insider trading; firm value; future stock price crashes-
dc.title (題名) Are busy directors uninformed or unmotivated to monitor? Evidence from insider trading-
dc.type (資料類型) article-
dc.identifier.doi (DOI) 10.1080/13504851.2025.2591290-
dc.doi.uri (DOI) https://doi.org/10.1080/13504851.2025.2591290-