MSGF Finance Seminar - Flying below the radar: Insider trading by executives below the top

Tuesday May 24, 2022 20:30 (Hong Kong Time)

Insider trading in stocks is primarily associated with the top executives in large limited companies. These primary insiders are required by Norwegian law to promptly publish the shares they buy and sell in their own company, the same goes for their immediate family members and the company's board members. This insider trading is completely legal, provided the public can find out about it within the required notification timeframe.


However, in this seminar, the study shows that this is not the group of employees in large companies that are ranking in profits based on the inside knowledge they have. The employees who are clearly profiting the most from insider knowledge of their own company are the executives who sit just a little below the top managers.


There will be an introduction of MSGF program at the beginning of the seminar. RSVP NOW!



Speaker:

Professor Kasper Meisner Nielsen is Professor of Finance at Copenhagen Business School and Adjunct Professor of Finance at HKUST. He received his Bachelor of Science, Master of Science, and Ph.D. degrees in Economics from the University of Copenhagen. Professor Nielsen previously taught at HKUST and Chinese University of Hong Kong, and has been a visiting scholar at Stern School of Business at New York University. From 2015 to 2018 he was the Academic Director of the HKUST-NYU Master of Global Finance program.


Professor Nielsen’s research interests are behavioral finance, corporate governance, family business, and household finance. His research has featured in international newspapers and magazines including Business Week, Financial Times, Harvard Business Review, International Herald Tribune, The Economist, The Times of India, and Wall Street Journal.


He has studied the consequence of family succession on firm performance, the value of independent directors, why individuals shy away from stocks, the effect of personal exposure to the global financial crisis on risk taking, and households’ decisions to refinance their mortgage. His work has been published in academic journals including American Economic Review, The Quarterly Journal of Economics, Journal of Financial Economics, Review of Financial Studies, Management Science, and Review of Finance. His research has been awarded with external financing from competitive research grants on several occasions.


On his area of expertise Professor Nielsen has served as an external advisor, consultant, and lecturer to government agencies and companies in China.


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