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Stock market liquidity and the rights offer paradox.
Koenig, Laure; Ginglinger, Edith; Riva, Fabrice - Université Paris-Dauphine
document higher direct flotation costs, but also improved stock market liquidity after public offerings and standby rights … relative to uninsured rights. We find that blockholder renouncements to subscribe to new shares and stock market liquidity are … that public offerings are cost effective and more liquidity improving than standby rights whereas an uninsured rights …
Persistent link: https://www.econbiz.de/10009370248
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Ownership, control and market liquidity.
Hamon, Jacques; Ginglinger, Edith - Université Paris-Dauphine
We examine how ownership concentration and the separation of ownership and control affect market liquidity in France …. We find that firms with a large insider blockholder exhibit significantly lower liquidity. Different methods of … concentrating control affect liquidity in different ways. Pyramid structures negatively affect liquidity for all pyramiding firms …
Persistent link: https://www.econbiz.de/10008572210
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Stock market liquidity and the rights offer paradox.
Koenig, Laure; Riva, Fabrice; Ginglinger, Edith - Université Paris-Dauphine
document higher direct flotation costs, but also improved stock market liquidity after public offerings and standby rights … relative to uninsured rights. We find that blockholder renouncements to subscribe to new shares and stock market liquidity are … that public offerings are cost effective and more liquidity improving than standby rights whereas an uninsured rights …
Persistent link: https://www.econbiz.de/10008572211
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Actual share repurchases, timing and liquidity.
Hamon, Jacques; Ginglinger, Edith - Université Paris-Dauphine - 2007
,848 repurchases made by 352 French firms, we show that corporate share repurchases have a significant adverse effect on liquidity as …
Persistent link: https://www.econbiz.de/10008532667
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The Impact of Crossing on Market Quality : an Empirical Study on the UK Market.
Gresse, Carole - Université Paris-Dauphine
Persistent link: https://www.econbiz.de/10008572187
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Takeovers and the dynamics of information flows.
Chemla, Gilles - Université Paris-Dauphine - 2004
This Paper analyses the effect of a possible takeover on information flows and on the terms of trade in business relationships. We consider a long-term relationship between a firm and a privately-informed stakeholder, a buyer for example. In our model, takeovers both increase the surplus from...
Persistent link: https://www.econbiz.de/10009131129
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Forms and Determinants of R&D Collaborations: New Evidence on French Data.
Gallié, Emilie-Pauline; Roux, Pascale - Université Paris-Dauphine
The aim of this paper is to explore the heterogeneity in R&D collaborations and of their determinants and motives. Using a recent French survey on research and innovation relations, we first show the heterogeneity of such relations thanks to a typology of their characteristics: their nature...
Persistent link: https://www.econbiz.de/10008691762
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Building the legitimacy of business networks through certification: The development of differentiated relationships.
Sauvée, Loïc; Coulibaly, Mantiaba - Université Paris-Dauphine
In this paper we analyze how legitimacy allows us to develop differentiated relationships in business networks. Our central argument is that the building of legitimacy in business networks through certification needs the development of what we call differentiated relationships, based on the use...
Persistent link: https://www.econbiz.de/10008751625
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Relationship in a fair trade market: how to create and manage value.
Coulibaly, Mantiaba - Université Paris-Dauphine
In this paper we analyze the way to create and manage value in a relationship between a banana company and its partners in a fair trade market. In the fair trade market a successful business requires some attention for and collaboration from employees, customers, suppliers, communities, and...
Persistent link: https://www.econbiz.de/10008751627
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Forms and Determinants of R&D Collaborations: Evidence Based on French Data.
Gallié, Emilie-Pauline; Roux, Pascale - Université Paris-Dauphine - 2010
The literature on R&D collaboration highlights a broad set of rationales for allying with other organizations. At the same time, it has been reported that there exists a large variety of forms of collaboration. Nevertheless, the relation between the motives to collaborate and the different forms...
Persistent link: https://www.econbiz.de/10009291776