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Les procédures d'introduction en Bourse en Europe : évolution des pratiques et perspectives

Labégorre, Florence; Gajewski, Jean-François; … - Université Paris-Dauphine (Paris IX) - 2006

Because IPO mechanisms determine both the initial trading price and the allocation of newly-listed firms' shares, they have financial and strategic consequences for shareholders. For that reason, it is of interest to analyse the relative advantages and disadvantages of the different procedures...

Persistent link: https://www.econbiz.de/10010861383

Are IPOs Still a Puzzle? A Survey of the Empirical Evidence from Europe

Boutron, Emmanuel; Gajewski, Jean-François; Gresse, Carole - Université Paris-Dauphine (Paris IX) - 2007

This survey aims at appraising the empirical research conducted on the European IPO markets as of the current date, and at determining to what extent IPO theories explain European IPO patterns. To that end, we first describe the going public process in Europe, its recent developments and its...

Persistent link: https://www.econbiz.de/10010707168

Effect of Impairment-Testing Disclosures on the Cost of Equity Capital

Paugam, Luc; Ramond, Olivier - Université Paris-Dauphine (Paris IX) - 2015

Information risk – the uncertainty regarding the parameters of the distribution of firms’ future cash flows – generates valuation errors and is costly to investors who require a higher return to compensate for greater information risk. We argue that, on average, through their...

Persistent link: https://www.econbiz.de/10011122227

Communication environnementale des entreprises du SBF120 : déterminants et conséquences sur le coût du capital actions

Déjean, Frédérique; Martinez, Isabelle - Université Paris-Dauphine (Paris IX) - 2009

What is the impact of corporate environmental disclosure on the cost of capital? In this research, we try to answer this question. The empirical research is based on companies listed at the SBF 120. In 2006, most of these companies dedicated a part of their annual report to sustainable...

Persistent link: https://www.econbiz.de/10011074125

Bilateral exposures and systemic solvency risk

Gouriéroux, Christian; Héam, Jean-Cyprien; Monfort, Alain - Université Paris-Dauphine (Paris IX) - 2012

By introducing a structure of the balance sheets of the banks, which takes into account their bilateral exposures in terms of stocks or lendings, we get a structural model for default analysis. This model allows us to distinguish the exogenous and endogenous default dependence. We prove the...

Persistent link: https://www.econbiz.de/10011265532

Liquidation equilibrium with seniority and hidden CDO

Gouriéroux, Christian; Héam, Jean-Cyprien; Monfort, Alain - Université Paris-Dauphine (Paris IX) - 2013

The aim of our paper is to price credit derivatives written on a single name when this name is a bank. Indeed, due to … the special structure of the balance sheet of a bank and to the interconnections with other institutions of the financial … derivatives written on a single bank name requires a joint analysis of the risks of all banks directly or indirectly …

Persistent link: https://www.econbiz.de/10011265539