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CFO Insiders Leading The Markets As Value And Dividends Beat Growth

Source: SeekingAlpha

2026-03-08 03:15:49 ET

Introduction

CFOs derive statistically and economically higher abnormal returns from their purchases of company shares than do CEOs. Furthermore, CFOs' excess return is robust to controlling for risk factors. (Wang, Shin, & Francis, 2012, p. 758).

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CFO Insiders Leading The Markets As Value And Dividends Beat Growth
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