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The impact of the catering theory and financial firms' characteristics on dividend decisions: the case of the French market
Anouar, Kamal - HAL - 2012
This article investigates the impact that prevailing investor demand for dividend payers and financial firm … profitability and low debt levels, investors' demand for dividend payers has a positive and significant impact on the probability …
Persistent link: https://www.econbiz.de/10010821276
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L'EXCES DE CONFIANCE DES DIRIGEANTS ET LA DECISION DE DISTRIBUTION DE DIVIDENDES : UNE ANALYSE LEXICALE
Anouar, Kamal - HAL - 2013
Cet article propose d'étudier la décision de distribution du dividende sous l'approche des dirigeants surconfiants en … supposer une plus grande propension des dirigeants surconfiants à la distribution du dividende. Les principaux résultats … obtenus montrent que les dirigeants des grandes sociétés cotées en France sont assez confiants lorsqu'il s'agit du dividende …
Persistent link: https://www.econbiz.de/10010821499
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LA PRÉVISION DU BÉNÉFICE COMPTABLE PAR LE DIVIDENDE
Adjaoud, Fodil; Chkir, Imed; Rahman, Abdul - HAL - 2006
que le dividende véhicule de l'information quant aux performances futures des entreprises canadiennes, et ce …
Persistent link: https://www.econbiz.de/10008789060
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GOUVERNANCE FAMILIALE ET REPARTITION DE LA VALEUR : ETUDE DES POLITIQUES DE DISTRIBUTION AUX ACTIONNAIRES DES ENTREPRISES FAMILIALES COTEES
Charlier, Patrice; Boys, Céline Du - HAL - 2009
Cet article analyse le montant et la forme des politiques de distribution des entreprises familiales cotées. Les évolutions récentes de la notion d'entreprise familiale amènent à s'interroger sur les effets de deux types de conflits d'agence, entre actionnaires et dirigeant (type I), et...
Persistent link: https://www.econbiz.de/10008790296
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LA PRÉVISION DU BÉNÉFICE COMPTABLE PAR LE DIVIDENDE
Adjaoud, Fodil; Chkir, Imed; Rahman, Abdul - HAL - 2006
que le dividende véhicule de l'information quant aux performances futures des entreprises canadiennes, et ce …
Persistent link: https://www.econbiz.de/10008792993
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Oil prices and government bond risk premiums
Alexandre, Herve; De, Benoist Antonin - HAL - 2010
This article analyses the impact of oil price on bond risk premiums issued by emerging economies. No empirical study has yet focussed on the effects of the oil price on government bond risk premiums. We develop a model of credit spread with data from the EMBIG index of seventeen countries, from...
Persistent link: https://www.econbiz.de/10010935037
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Evolutionary strategic beliefs and financial markets
Jouini, Elyès; Napp, Clotilde; Viossat, Yannick - HAL - 2012
We provide a discipline for belief formation through a model of subjective beliefs, in which agents hold strategic beliefs. More precisely, we consider beliefs as a strategic variable that agents can choose (consciously or not) in order to maximize their utility at the equilibrium. These...
Persistent link: https://www.econbiz.de/10009418531
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Decreasing absolute risk aversion : some clarification
Abouda, Moez - HAL - 2008
La Vallée (1968), in the expected utility model, gives a sufficient condition for positivity of the bid-selling spread. In this article, we show that this sufficient condition, namely decreasing absolute risk aversion (DARA) is in fact necessary. Moreover, we prove that the expected utility...
Persistent link: https://www.econbiz.de/10010750466
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Indebtedness and macroeconomic imbalances in a monetary-union DSGE model
Badarau, Florina-Cristina; Huart, Florence; Sangaré, … - HAL - 2013
We build a two-country open-economy monetary union DSGE model in order to explain some macroeconomic imbalances in the euro area. We fo cus on the role of cyclic al behaviour of public spending and sovereign risk premium. Pro-cyclical primary public expenditures in one country do not lead to...
Persistent link: https://www.econbiz.de/10010899832
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Disappointment Models : an axiomatic approach
Chauveau, Thierry; Nalpas, Nicolas - HAL - 2011
In this paper, a fully choice-based theory of disappointment is developed. It encompasses, as particular cases, EU theory, Gul's theory of disappointment (1991) and the models of Loomes and Sugden (1986). According to the new theory, the risk premium of a random prospect is the sum of two...
Persistent link: https://www.econbiz.de/10010635227