546                                                    17

Herbert S. Kerr, The Battle of Insider Trading and Market Efficiency, Journal of Portfolio
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Wayne Y. Lee and Michael Solt, Insider Trading: A Poor Guide to Market Timing, Journal
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H. Nejat Seyhun, Insiders' Profits, Costs of Trading, and Market Efficiency, Journal of
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45, no. 4 (September 1990), pp. 1273-1284.

Lisa K. Meulbroek, An Empirical Analysis of Illegal Insider Trading, Journal of Finance,
47, no. 5 (December 1992), pp. 1661-1699.

Mustafa Chowdhury, John S. Howe, and Ji-Chai Lin, The Relation between Aggregate
Insider Transactions and Stock Market Returns, Journal of Financial and Quantitative
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7.  -   . ., , -
:

Marshall Blume, On the Assessment of Risk, Journal of Finance, 26, no. 1 (March 1971),
pp. 1-10.

Robert A. Levy, On the Short-Term Stationarity of Beta Coefficients, Financial Analysts
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William F. Aharpe and Guy M.Cooper, Risk-Return Classes of New York Stock Exshange
Common Stocks, 1931-1967, Financial Analysts Journal, 28, no. 2 (MarchApril 1972),
pp. 46-54.

Robert S. Hamada, The Effect of the Firm's Capital Structure on the Systematic Risk of
Common Stocks, Journal of Finance, 27, no. 2 (May 1972), pp. 435-452.

Marshall Blume, Betas and Their Regression Tendencies, Journal of Finance, 30, no. 3
(June 1975), pp. 785-795.

Barr Rosenberg and Vinay Marathe, The Prediction of Investment Risk: Systematic and
Residual Risk, Proceedings of the Seminar of the Analysis ofSecutiry Prices, Center for Research
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Barr Rosenberg and James Guy, Prediction fo Beta from Investment Fundamentals,
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Meir Statman, Betas Compared: Merrill Lynch vs. Value Line, Journal of Portfolio
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Diana R. Harrington, Whose Beta is Best?, Financial Analysts Journal, 39, no. 5 (July/
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Barr Rosenberg, Prediction of Common Stock Investment Risk, Journal of Portfolio
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George Foster, Financial Statement Analysis (Englewood Cliffs, NJ: Prentice Hall, 1986),

Chapter 10.