The Sound of Silence: What Do We Know When Insiders Do Not Trade?

• George P. Gao

  Corresponding Author

  George P. Gao

  [email protected]

  https://orcid.org/0000-0002-4668-5557

  T. Rowe Price, Baltimore, Maryland 21202;

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  ,
• Qingzhong Ma

  Qingzhong Ma

  [email protected]

  https://orcid.org/0000-0002-4925-9596

  California State University, Chico, California 95929;

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  ,
• David T. Ng

  David T. Ng

  [email protected]

  https://orcid.org/0000-0002-4918-8919

  Johnson College of Business, Cornell University, Ithaca, New York 14853;

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  ,
• Ying Wu

  Ying Wu

  [email protected]

  https://orcid.org/0000-0002-0738-6861

  School of Business, Stevens Institute of Technology, Hoboken, New Jersey 07030

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