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A Gal Just Can't Get Ahead.(International Edition; DIRTY DEALINGS)(women and insider trading)(Brief article)
Byline: John Sparks
Martha Stewart may be the most famous woman to have had a disappointing experience as an inside trader, but apparently she's hardly the only one. In a new study of 700,000 insider trades over 20 years, finance professors at the University of Michigan found that female executives and board members who buy or sell their companies' shares based on nonpublic information get less than half the benefit that men in similar positions gain when they risk insider trades.
In the first two months following an insider purchase of their own company's shares, men typically enjoyed a 19 percent gain in the shares' value while their female ...
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