Answers are grounded in this paper and cite their sources.
Jerome B. Baesel, Garry R. Stein, The Value of Information: Inferences from the Profitability of Insider Trading, The Journal of Financial and Quantitative Analysis, Vol. 14, No. 3 (Sep., 1979), pp. 553-571
No takes yet. Share an insight, caveat, or question.
Baesel et al. (1979) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: