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Téléchargez le fichier - CEREG - Université Paris-Dauphine

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Conséquences des opérations d’initiés sur la composante d’asymétrie d’information de la fourchette 31Manove M. (1989) « The arm from insider trading and informed speculation »Quarterly Journal of Economics , Vol.104(4), 823-846Meulbroek L.K. (1992) « An empirical analysis of il<strong>le</strong>gal insider trading » TheJournal of Finance, Vol.47(5), 1661-1699Morse D. et N. Ushman (1983) « The effect of information announcements on themarket microstructure » The Accounting Review, Vol.58(2), 247-258Roll R.(1984) « A simp<strong>le</strong> implicit measure of the effective bid-ask spread in anefficient market » Journal of Finance, Vol.39(4), 1127-1139.Seyhun H.N.(1986) « Insider’s profit, cost of trading and market efficiency » TheJournal of Financial Economics, Vol.16, 189-212Stoll H. R. (1989) «Inferring the components of the bid-ask spread: theory andempirical tests » Journal of Finance, Vol.44(1), 115-134.

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