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Seyhun HN (1988) The information content of aggregate insider trading. Journal of Business 61: 1–24. Snoeyenbos M, Smith K. (2000) Ma and Sun on insider trading ethics. Journal of Business Ethics, 28(4): 361-363. Sivakumar K, Vijayakumar J (2001) Insider trading, analysts forecast revisions, and earnings changes. Journal of Accounting, Auditing, and Finance 16(2): 167-187. Thirumalai S, Sinha KK (2011) Product recalls in the medical device industry: an empirical exploration of the sources and financial consequences. Management Science, 57(2): Vlastakis N, Markellos RN (2012) Information demand and market volatility. Journal of Banking & Finance, 36(6): 1808-1821. Werhane PH (1989) The ethics of insider trading. Journal of Business Ethics, 8(11): 841-845. Werhane PH (1991) The indefensibility of insider trading. Journal of Business Ethics, 10(9): 729-731. Zavyalova A, Pfarrer MD, Reger RK, Shapiro DL (2012) Managing the message: The effects of firm actions and industry spillovers on media coverage following wrongdoing. Academy of Management Journal, 55(5): 1079-1101. Zuo, L. (2016). The informational feedback effect of prices on management forecasts. Journal of Accounting and Economics, 61(2): 391-413.