1. Aboody, D., Lev, B. (2000), Information asymmetry, R&D, and insider gains, Journal

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1 References 1. Aboody, D., Lev, B. (2000), Information asymmetry, R&D, and insider gains, Journal of Finance 55, pp Atanasov,Vladimir,Black,Bernard,Ciccotello,Conrad,Gyoshev,Stanley(2010)"How does law affect finance? An examination of equity tunneling in Bulgaria", Journal of Financial Economics, Vol. 96, Issue 1, pp Ahuja Gautam, Coff Russell W. and Lee Peggy M.(2005), Managerial Foresight and Attempted Rent Appropriation: Insider Trading on Knowledge of Imminent Breakthroughs, Strategic Management Journal, 26: pp Baek, S.J., Kang, K.J., and Lee.I.,(2006)." Business groups and tunneling: Evidence from private security offerings from Korean Cheabols". Journal of Finance, Vol. 61, pp Baiman, Stanley and Verrecchia, Robert E.(1996), The Relation among Capital Markets, Financial Disclosure, Production Efficiency, and Insider Trading, Journal of Accounting Research Vol. 34 No Banz, Rolf(1981), The Relation between Return and Market Value of Stocks, Journal of Financial Economics 38, pp Barber, Brad M., and Lyon, John D. (1997). Detecting long-run abnormal stock returns: The empirical power and specification of test statistics, Journal of Financial Economics 43 (March): pp Barth Mary E. and Kasznik Ron (1999), Share repurchases and intangible assets, Journal of Accounting and Economics 28, pp

2 9. Benabou R., Laroque G (1992), "Using privileged information to manipulate markets: Insiders, gurus, and credibility", The Quarterly Journal of Economics 107. pp Bertrand, M, Mehta.P., and Mullainathan.S.( 2002), "Ferreting out tunneling: An application to Indian business groups" Quarterly Journal of Economics Beny Laura (2005), Do Insider Trading Law Matter? Some Preliminary Comparative Evidence, American Law and Economics Review Vol Bizjak, J.M., J.A. Brickley, and J.L. Coles, 1993, "Stock-Based Incentive Compensation and Investment Behavior," Journal of Accounting and Economics (January/April/July), pp Brochet, Francois, (2010), " Information Content of Insider Trades before and after the Sarbanes-Oxley Act", The Accounting Review 85, pp Brown S J and Warner J (1985), Using Daily Stock Returns: The Case of Event Studies, Journal of Financial Economics, Vol. 14, No. 1, pp Bublitz B. and Ettredge M.(2001), The Information is Discretionary Outlays: Advertising, Research and Development, The Accounting Review, Vol. LXIV. 16. Carhart, Mark(1997), On Persistence in Mutual Fund Performance, Journal of Finance 52, pp Carlton, Dennis W., Fischel, Daniel R(1983), "The Regulation of Insider Trading", The Stan. L. Rev Chan Louis K.C, Karceski, Lakonishok Josef, and Sougiannis (2001), The Stock Market Valuation of Research and Development Expenditures, Journal of Finance, Vol. NO 6.

3 19. Choi W, Won, Kwon S, Sung, and Lobo J, Gerald(2000) " Market Valuation of Intangible Assets", Journal of Business Research 49, Daniel, K., Hirshleifer, D., and Subrahmanyam, A. (1998). "Investor Psychology and Security Market Under- and Overreactions". Journal of Finance 53, 6, pp Dewenter, K.,Novaes,W., and Pettway,R.H.(2001), "Visibility versus complexity in business groups: evidence from Japanese keiretsu", Journal of Business 74, Edmans, A. (2011) Does the stock market fully value intangibles? Employee satisfaction and equity prices. Journal of Financial Economics. 23. Fama, Eugene F., and French, Kenneth R.(1993), Common risk factors in the returns on stocks and bonds, Journal of Financial Economics 33 (February): pp Fama, Eugene F. (1998), Market efficiency, long-term returns, and behavioral finance, Journal of Financial Economics 49 (September), pp Fernandes Nuno and Ferreira Miguel A,(2009), " Insider Trading Laws and Stock Price Informativeness". Review of Financial Studies, Vol. 22, pp Fidrmuc, Jana P., Goergen, Marc and Renneboog, Luc(2006), Insider Trading, News Releases, and Ownership Concentration, Journal of Finance, Vol. Lxi, No Finnerty, Joseph E (1976a), "Insiders and Market Efficiency" Journal of Finance 28. Givoly, D., Palmon, D. (1985), Insider trading and the exploitation of inside information: some empirical evidence, The Journal of Business 58 (1), pp Goldfinger, C (1997), Understanding and Measuring the Intangible Economy: Current status and suggestions for future research, CIRET seminar, Helsinki.

4 30. Gopalan, Radhakrishnan, Nanda, Vikram, and Seru, Amit(2005), " Affiliated firms and financial support: Evidence from Indian business groups", Journal of Financial Economics, Vol. 86, Issue 3, December 2007, Pages Gaver Jennifer J. and Gaver Kenneth M. (1995), Compensation Policy and the Investment Opportunity Set, Financial Management, VOL. 24, No. 1, Spring, pp Inci, A. Can, Lu, Biao, and Seyhun, H. Nejat (2010), "" Intraday Behavior of Stock Prices and Trades around Insider Trading", Financial Management,VOL 39, Issue 1, pp Jaffe, Jeffrey J. (1974a). "Special Information and Insider Training", Journal of Business, Vol Jegadeesh, Narasimhan, and Sheridan Titman, (1993), Returns to buying winners and selling losers: Implications for stock market efficiency, Journal of Finance 48, pp Jeng A., Metrick Andrew, Zeckhauser Richard (2003), Estimating the Returns to Insider Trading: A Performance-Evaluation Perspective, The Review of Economics and Statistics. 36. Jensen, Michael C. and Meckling William H(1976), Theory of the firm: Managerial behavior, agency costs and ownership structure,journal of Financial Economics Vol. 3, Issue 4, October, pp Jenter Dirk(2005), Market Timing and Managerial Portfolio Decisions, Journal of Finance, Vol. 60, No. 4, pp

5 38. Khanna, Tarun and Palepu, Krishna (2000), Is Group Affiliation Profitable In Emerging Markets? An Analysis of Diversified Indian Business Groups, Journal of Finance, Vol. No Kraus, A. and Stoll, Hans R.(1972), " Parallel Trading by Institutional Investors", Journal of Financial and Quantitative Analysis, Vol. 7, Issue 5, pp Lakonishok, Josef, and Lee, Inmoo (2001), "Are Insiders Trades Informative, Review of Financial Studies, pp Lorie, James, and Victor Niederhoffer (1968), Predictive and statistical properties of insider trading, Journal of Law and Economics 11, pp Marisetty, Vijaya B., Alastair Marsden and Madhu Veeraragahavan (2008), Price Reaction to Rights Issues in the Indian Capital Market Pacific-Basin Finance Journal Vol. 16, Issue Meulbroek, Lisa (2000),. " Does Risk Matter? Corporate Insider Transactions in Internet-Based Firms", Working Paper, Harvard Business School. 44. Mitchell Mark L. and Stafford Erik(2000), Managerial Decisions and Long-Term Stock Price Performance, Journal of Business, Vol. 73, No. 3, pp Muneesh, Kumar and Sehgal, Sanjay(2001), "Company Characteristics and Common Stock Returns: The Indian Experience, Investment Management and Financial Innovations. 46. Ofek, Eli, and David Yermack (2000), Taking stock: Equity-based compensation and the evolution of managerial ownership, Journal of Finance 55, pp Pantzalis, Christos and Park Jung Chul(2009), Equity market valuation of human capital and stock returns Journal of Banking & Finance, Vol. 33, Issue 9, pp

6 48. Reinganum, M.R. (1981), Misspecification of capital asset pricing: Empirical anomalies based on earnings yields and market values, Journal of Financial Economics 9, pp Roulstone Darren T(2003), The Relationship between Insider Trading Restrictions and Executive Compensation, Journal of Accounting Research, Vol. 41,No 3 June 50. Rozeff, Michael S., and Mir A. Zaman (1988), Market efficiency and insider trading: New evidence, Journal of Business 61, pp Seyhun, H. N. (1986), "Insiders' Profits, Costs of Trading and Market Efficiency," Journal of Financial Economics 16. Books 1. Lev, B., Intangibles: Management, Measurement, and Reporting. Brookings Institution Press, Washington, DC. 2. Manna, Henry G. (1966), Insider Trading and the Stock Market. New York: Free press 3. Lev, B., Intangibles: Management, Measurement, and Reporting. Brookings Institution Press, Washington, DC. 4. Seyhun, N (1998), Investment Intelligence: From Insider Trading, MIT Press, Cambridge, Mass Reports 1. SECURITIES AND EXCHANGE BOARD OF INDIA(1[PROHIBITION OF] INSIDER TRADING) REGULATIONS, 1992(source-SEBI official Website 2. Andersen, A. (1992), The Valuation of Intangible Assets, the Economist Intelligence Unit Special Report, London.

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