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Dr. Franck is Professor of International Investment and Trade at Syracuse University. He was Dean of Robert College in Istanbul, Turkey for several years before assuming his current post. He is a contributor to World Business Systems, edited by Jean Boddewyn. Dr. Young is Associate Professor of Finance at Syracuse University. He taught at the Baruch School of Business of the City College of New York before assuming his current post. He is coauthor of The Repurchase of Common Stock.
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Franck et al. (1972) studied this question.
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