Deferred Compensation May Be a Form of Insider Trading
![Francesca Franco Francesca Franco](/sites/default/files/styles/detail_full_xxl/public/media/images/ProfilePic_FFranco.jpg?itok=T71k5k0b)
RESEARCH BY DEPARTMENT OF ACCOUNTING'S PROFESSOR FRANCESCA FRANCO AND HER CO-AUTHOR OKTAY URCAN FINDS EVIDENCE THAT EQUITY DEFERRALS ARE SOMETIMES USED AS A SUBSTITUTE FOR OPEN MARKET PURCHASES NEAR QUARTERLY EARNINGS ANNOUNCEMENT DATES.