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6 LK.Meuibmek "An Empirical Analysis of Illegal Insider Trading", Journal of Finance, eKav 1992, L KMeulbroek and Hart "The Effect of Illegal Insider Trading on Takeover Premia", Europe Finance Review, /, 1997.
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3 . F Black, . Jensen, and . Scholes, "The Capital Asset Pricing Model Some Empirical Tes15 M. Jensen, ed.. Studies in the Theory a/Capital Markets, New York: Praeger, 1972; E. Fama and J. "Risk, Return and Equilibrium: Some Empirical Tests", Journal of Political Economy, 8, 1973; E. ram K. French, "Multifactor Explanations of Asset Pricing Anomalies", Journal of Finance, 31, 1996.
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3 . Bradford Comell and Marc R. Reinganum, "Forward and Futures Prices: Evidence from
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