APPROACHES TO INSIDER TRADING

Year 2017, Volume: 4 Issue: 2, 5 - 19, 29.12.2017

M.fevzi Esen

https://doi.org/10.30798/makuiibf.295925

Cited By: 1

Abstract

Insider trading prevents transparency of the market and undermines the investors’ confidence. Although it is
forbidden at many financial markets, it has not been decided whether to forbit or not. With the increasing
number of countries which have stock exchange, there is an increasing number of countries that promulgate
regulations. However, less than half of the countries apply regulations. In this study, prohibitive and supportive
approaches to insider trading are reviewed and the topic is discussed with its sociologic, economic and judicial
dimensions. The research concludes that socioeconomic impacts of insider trading to market, especially to
investors, must be empirically tested.

Keywords

Insider Trading, Asymmetric Information, Financial Crimes

İÇERİDEN ÖĞRENENLER TİCARETİNE YAKLAŞIMLAR

Abstract

İçeriden öğrenenler ticareti,
piyasaların şeffaflığını engellemekte ve yatırımcıların piyasaya güvenini
sarsmaktadır. İçeriden öğrenenler ticareti günümüzde birçok finansal piyasada
yasaklanmış olmasına rağmen, yasaklanması veya serbest bırakılması konusunda
literatürde halen görüş birliğine varılamamıştır. Menkul kıymet borsası bulunan
ülke sayısındaki artışla birlikte, içeriden öğrenenler ticaretinin
engellenmesine yönelik düzenlemede bulunan ülke sayısında da artış yaşanmıştır.
Fakat bu ülkelerden yarısından daha azı, söz konusu düzenlemeleri
uygulamaktadır. Bu çalışmada, içeriden öğrenenler ticaretini destekleyici ve
yasaklayıcı yaklaşımlar incelenmiş olup; konu sosyolojik, ekonomik ve hukuki
boyutlarıyla ele alınmıştır. Çalışmada, içeriden öğrenenler ticaretinin yatırımcılar
başta olma üzere, piyasa oyuncularına sosyoekonomik etkilerinin test edilerek
tartışılması gerektiği sonucuna ulaşılmıştır.

Keywords

İçeriden Öğrenenler Ticareti, Asimetrik Bilgi

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