Showing 1 - 10 of 18
previous research on board-CEO relationship and on venture capital and management buyout governance, we aim at complementing … support but hampering control. We propose an original model formalising the relations between VC-CEO social ties, board …
Persistent link: https://www.econbiz.de/10008796034
previous research on board-CEO relationship and on venture capital and management buyout governance, we aim at complementing … support but hampering control. We propose an original model formalising the relations between VC-CEO social ties, board …
Persistent link: https://www.econbiz.de/10010549128
Open market share repurchases are strictly regulated to prevent companies from profiting from insider information. We examine compliance with these rules in France, where the mandatory disclosure of share repurchases provides detailed information on repurchases actually undertaken. Using a...
Persistent link: https://www.econbiz.de/10008790731
In this paper a model with an influent and informed investor is presented. The studied problem is the point of view of a non informed agent hedging an option in this influenced and informed market. Her lack of information makes the market incomplete to the non informed agent. The obtained...
Persistent link: https://www.econbiz.de/10008793934
In this paper a model with an influent and informed investor is presented from a hedging point of view. The financial agent is supposed to possess an additional information, and is also supposed to influence the market prices. The problem is modeled by a forward-backward stochastic differential...
Persistent link: https://www.econbiz.de/10008794181
market makers' response to the total order flow signal as well as the managers' profits. …
Persistent link: https://www.econbiz.de/10010635062
In this paper, we study the real and financial effects of insider trading in the spirit of Jain and Mirman (1999). Unlike the previous works that address this issue, we suppose that the production of the real good is costly and depends mainly of the price of an intermediate good produced locally...
Persistent link: https://www.econbiz.de/10010635105
We study an extension of Jain and Mirman (1999) with two insiders under three different market structures : (i) Cournot competition among the insiders, (ii) Stackelberg game between the insiders and (iii) monopoly in the real market and Stackelberg in the financial market. We show how the...
Persistent link: https://www.econbiz.de/10010635234
This paper presents a study intended to demonstrate how the Financial Market Authority (AMF) in France uses its regulatory and sanctioning powers with regard to brokers, listed companies and other actors (individuals) in the financial industry during the period 2006-2011. The AMF actions are...
Persistent link: https://www.econbiz.de/10010775229
managers originating from different incentives and working habits. In this paper, we offer a new way to investigate in post … managers within a large pharmaceutical company show that not only changes in compensation incentives affect performance but … also that both managers' past compensation schemes and company cultures matter for cooperation. The efficiency of a new …
Persistent link: https://www.econbiz.de/10008788808