Similar Search Results

Dynamic Adverse Selection and Debt

Faure-Grimaud, Antoine; Chemla, Gilles - Université Paris-Dauphine (Paris IX) - 2001

Persistent link: https://www.econbiz.de/10010708865

Cognitive and behavioral bias of CEOs in the merger and acquisition process: an overview of existing theory

Barabel, Michel - Université Paris-Dauphine (Paris IX) - 2001

Persistent link: https://www.econbiz.de/10010861636

Merger paradox : the strategic role of minority in integration process

Meier, Olivier; Barabel, Michel - Université Paris-Dauphine (Paris IX) - 2006

This article examines the link between the integration processes at work in acquired companies and the results of acquisition. New questions are raised concerning the underlying mechanisms of the integration process, in which it is essential to identify those factors that lend value to the...

Persistent link: https://www.econbiz.de/10010905268

Hold-Up, Stakeholders and Takeover Threats

Chemla, Gilles - Université Paris-Dauphine (Paris IX) - 2005

We analyze the impact of takeover threats on long term relationships between the target owners and other stakeholders …’ incentive to invest. The threat of a takeover that would transfer value from the stakeholders reduces their ex ante investment …. However, the stakeholders may appropriate ex post some value created by a takeover. This can prevent some value …

Persistent link: https://www.econbiz.de/10010707320

Privatization and governance regulation in frontier emerging markets: The case of Romania

Pop, Diana; Pop, Adrian; Chemla, Gilles - Université Paris-Dauphine (Paris IX) - 2010

takeover bids; and (iii) the stock liquidity is low. …

Persistent link: https://www.econbiz.de/10010708206

Biais cognitifs du dirigeant, conséquences et facteurs de renforcement lors de fusions-acquisitions : synthèses et illustrations

Meier, Olivier; Barabel, Michel - Université Paris-Dauphine (Paris IX) - 2002

Persistent link: https://www.econbiz.de/10010708631

Takeovers and the dynamics of information flows

Chemla, Gilles - Université Paris-Dauphine (Paris IX) - 2004

This Paper analyses the effect of a possible takeover on information flows and on the terms of trade in business … surplus from the buyer. The possibility of a takeover that leaves the buyer with a higher (lower) rent than the incumbent … on the performance of takeover targets and trade credit. …

Persistent link: https://www.econbiz.de/10010709026

An Analysis of Shareholder Agreements

Ljungqvist, Alexander; Habib, Michel Antoine; Chemla, Gilles - Université Paris-Dauphine (Paris IX) - 2007

Shareholder agreements govern the relations among shareholders in privately held firms, such as joint ventures and venture capital-backed companies. We provide an economic explanation for key clauses in such agreements—namely, put and call options, tag-along and drag-along rights, demand and...

Persistent link: https://www.econbiz.de/10011072263

Hedging and vertical integration in electricity markets

Chemla, Gilles; Porchet, Arnaud; Aïd, René; Touzi, Nizar - Université Paris-Dauphine (Paris IX) - 2011

This paper analyzes the interactions between competitive (wholesale) spot, retail, and forward markets and vertical integration in electricity markets. We develop an equilibrium model with producers, retailers, and traders to study and quantify the impact of forward markets and vertical...

Persistent link: https://www.econbiz.de/10011072430

Forward Hedging and Vertical Integration in Electricity Markets

Chemla, Gilles; Porchet, Arnaud; Touzi, Nizar; Aïd, René - Université Paris-Dauphine (Paris IX) - 2009

This paper analyzes the interactions between vertical integration and (wholesale) spot, forward and retail markets in risk management. We develop an equilibrium model that fits electricity markets well. We point out that vertical integration and forward hedging are two separate levers for demand...

Persistent link: https://www.econbiz.de/10011073085