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Sougiannis, Theodore Donelson, Dain C. 2015-09-28T15:39:23Z 2015-09-28T15:39:23Z 10000-01-01 2007 2007 In the second chapter, I use a fundamental analysis strategy based upon common operating performance metrics to distinguish informative insider trades from noise trades. Insiders who trade consistently with these accounting fundamentals earn higher abnormal returns than the abnormal returns normally earned by insiders or those from the fundamental analysis strategy. A trading strategy based on the combination of publicly available insider trading and accounting data earns annual abnormal returns of approximately 15.1% after controlling for market, size, book-to-market and momentum factors. This trading strategy earns positive returns in each year of the study. These results are consistent with the selected set of insider trades being particularly informative with respect to mispricing. Made available in DSpace on 2015-09-28T15:39:23Z (GMT). No. of bitstreams: 2 license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5) 3290221.pdf: 2526198 bytes, checksum: abc76fb01b5d7ebbdcda1a8f09dc1194 (MD5) Previous issue date: 2007 Embargo set by: Seth Robbins for item 88443 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 86 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2007. http://hdl.handle.net/2142/87162 (MiAaPQ)AAI3290221 eng Business Administration, Accounting Essays on Fundamental Analysis text Accountancy Accountancy University of Illinois at Urbana-Champaign Dissertation Ph.D.