Degeorge, Francois; Jenter, Dirk; Moel, Alberto; … - National Bureau of Economic Research (NBER) - 2000
In 1997, France T‚l‚com, the state-owned French telephone company, went through a partial privatization. The government offered current and prior France T‚l‚com employees the opportunity to buy portfolios of shares with various combinations of discounts, required holding periods,...