Open market share repurchases are strictly regulated to prevent managers from taking advantage of selling shareholders. We examine compliance with these rules in France, where the mandatory disclosure of share repurchases provides detailed information on repurchases actually undertaken. Using a...

[eng] The author begins this paper by presenting the various forms of stock exchanges, while describing the underlying trend that has transformed mutual stock exchanges into market undertakings, of which an increasing number are becoming listed. This transition has brought with it a...

[eng] Payment of private equity managers . According to some observers, private equity represents a more advanced structure than that of companies listed on the financial markets because the former are said to be better equipped to resolve conflicts between the various stakeholders, particularly...

[fre] Il faut se hâter lentement et éviter de réformer le système financier en introduisant prématurément des nouvelles régulations avant que celui-ci ne soit purgé. En effet, il n’y a pas de miracle, des excès ont été commis, il faut en assumer les conséquences, c’est-à-dire...

[eng] Modem portfolio management tools and the October 1987 stock market crash . Numerous explanations to the october stock market crash have been proposed. The analysis, essentially based on French data, is centered on the theory of risk. As soon as august 1987, financial analysts had revised...

[fre] Cet article présente les différentes formes organisationnelles des Bourses d’actions en décrivant la tendance lourde qui a transformé les Bourses, autrefois des mutuelles, en entreprises de marché. Le mouvement s’est accompagné d’une transformation de leur mode de gouvernance,...