Title
The ethics of insider trading revisited
Author
Faculty/Department
Faculty of Arts. Philosophy
Publication type
article
Publication
Dordrecht ,
Subject
Philosophy
Sociology
Economics
Source (journal)
Journal of business ethics. - Dordrecht
Source (book)
19th Annual Conference of the European-Business-Ethics-Network (EBEN), SEP 21-23, 2006, Vienna, AUSTRIA
Volume/pages
74(2007) :4 , p. 497-507
ISSN
0167-4544
ISI
000248835700015
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
Following Manne (1966, Insider Trading and the Stock Market (New York, Free Press)) we introduce a distinction between insider trading and market manipulation on the one hand and corporate insiders versus misappropriators on the other hand. This gives rise to four types of alleged inside transactions. We argue that the literature on insider trading has often targeted inside transactions type II, III and IV but that these arguments do not necessarily hold for type I transactions. We look for consequentionalist as well as non-consequentionalist arguments against type I transactions and demonstrate that these are hard to find. Throughout the article we refer extensively to the economic literature on insider trading in order to overcome a relative divide between the economic, legal, and philosophical discussion on insider trading.
E-info
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