School News
PhD student Seil Kim's research on the relationship between corporate board meetings and stock purchases is featured
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Excerpt from The Wall Street Journal -- "By digging through corporate by-laws, Mr. Kim was able to hand collect regularly scheduled meeting times for a sample of over 100 companies. Examining those dates, he found that material news is far more likely to get released on the day of a board meeting and the day immediately following than other days. He then looked at the performance of stock purchases made by outside directors immediately before board meetings. The finding: They outperformed."
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