应对灾害:COVID-19大流行和世界各地的内部交易
Khanh Hoang1, Cuong Nguyen2,3, Harvey Nguyen4
1University of Economics Ho Chi Minh City (UEH), Viet Nam.
概括
公司内部人士在COVID-19爆发期间出售股票. 在有强有力的监管和投资者保护的国家,这种内幕销售不那么严重,这凸显了在危机期间有弹性的商业系统的重要性.
科学领域:
- 商业和经济学 商业和经济学
- 金融市场 金融市场
- 公共卫生危机 公共卫生危机
背景情况:
- 随着COVID-19的爆发,全球金融市场面临着前所未有的挑战.
- 了解健康危机期间企业内部人士的行为对于市场稳定至关重要.
研究的目的:
- 调查公司内部交易模式,以应对最初的COVID-19爆发.
- 确定影响疾病爆发期间内幕销售程度的因素.
主要方法:
- 分析了来自25个国家的全面内部交易数据.
- 统计检查内部人士销售与国家特定因素之间的相关性.
主要成果:
- 在全球范围内,在首例COVID-19病例确认后,观察到不断增加内部人士销售的趋势.
- 在具有强有力的信息披露,公共执法,高效的司法系统和强有力的投资者保护的国家,内幕销售的严重程度较低.
- 文化差异和政府反应的严格度缓和了内部人士的恐慌销售.
结论:
- 透明和可靠的商业系统在危机期间增强了企业的弹性.
- 强有力的监管框架和投资者保护可以减轻健康灾害期间的负面内部交易行为.
- 有效的治理结构对于在全球卫生紧急情况中保持投资者信任至关重要.
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