Brandon N. Cline and Caleb Houston (2023). Insider Filing Violations and Illegal Information Delay

Finance research paper presentation slides. This presentation summarizes the study by Cline & Houston (2023) on insider filing violations and illegal information delays. Slides cover the main research questions (intentional delays, motivations, and consequences), motivation for studying illegal versus legal delays, data sources (Thomson Reuters Insider Filing Database, CRSP, Compustat, Audit Analytics), research methodology (categorization of violations, DGTW-adjusted abnormal returns, high-asymmetry scenarios like stealth trades, round-trips, pre-earnings trades, and fraud restatement periods), key findings (intentional delays, higher abnormal returns, clustering around high-information events, governance effects), and overall conclusions. Designed for students who need ready-to-use, detailed analysis with graphs, tables, and discussion points.