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No contagion, only globalization and flight to quality
Szafarz, Ariane; Chapelle, Ariane; Brière, Marie - Université Paris-Dauphine (Paris IX) - 2012
In this article, tests for globalization and contagion are separated using an ex ante definition of crises, and contagion tests are neutralized with respect to globalization effects. A large database is constructed to study the stability of correlation matrices for four asset classes : equities,...
Persistent link: https://www.econbiz.de/10010707605
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Analysts' forecast revisions and informativeness of the acquirer's stock after M&A transactions
de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2015
Are mergers and acquisitions significant events that develop informativeness? Is the informativeness process the same … information content of stock prices. We consider a sample of mergers and acquisitions in the US and Europe over the 2000 … contradictory. To answer to these questions we use the concept of informativeness to assess whether acquisitions improve the private …
Persistent link: https://www.econbiz.de/10011269167
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The Effects of Private Equity-Backing in the European Acquisitions of Unlisted Companies
Joly, Vanessa - Université Paris-Dauphine (Paris IX) - 2010
Using a sample of acquisitions of unlisted firms completed by public companies from 17 Western European countries over … announcement period abnormal returns to acquirers. 12.5% of the unlisted targets are PE-backed. Acquisitions of PE-backed firms are …
Persistent link: https://www.econbiz.de/10010708923
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Merger paradox : the strategic role of minority in integration process
Meier, Olivier; Barabel, Michel - Université Paris-Dauphine (Paris IX) - 2006
failed mergers. In particular, our research has identified a number of errors frequently committed by members of the …
Persistent link: https://www.econbiz.de/10010905268
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Rapports coopératifs et confrontation culturelle : le cas de la gestion post fusion Orange- France Télécom Mobiles
Dameron, Stéphanie; Joffre, Olivier - Université Paris-Dauphine (Paris IX) - 2005
This paper aims at understanding the impact of cultural diversity on co-operative relationships. Co-operation is considered through two different modes : of co-operation. The case of the team in charge of the integration process between France Telecom Mobiles and Orange UK is analysed according...
Persistent link: https://www.econbiz.de/10010708921
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Is Transparency a Value on OTC Markets? Challenging Industry Registers to Escape Categorization
Huault, Isabelle; Rainelli, Hélène - Université Paris-Dauphine (Paris IX) - 2014
In this paper, we examine how categorization is resisted. We analyze the way organizations draw on industry registers to resist or adapt to changes that will potentially alter the definition and nature of the markets in which they compete. We approach this question through a qualitative study of...
Persistent link: https://www.econbiz.de/10011082485
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Reducing deforestation and forest degradation: leakage or synergy?
Angelsen, Arild; Delacote, Philippe - Université Paris-Dauphine (Paris IX) - 2013
Agricultural expansion is the main deforestation driver, while forest degradation is due to non-sustainable poaching and harvesting of forest products. Policies to reduce emissions from deforestation and forest degradation (REDD) thus focus on agricultural expansion and illegal harvesting. The...
Persistent link: https://www.econbiz.de/10010755888
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Mesurer le capital organisationnel comme combinaison de ressources
Paugam, Luc; Casta, Jean-François - Université Paris-Dauphine (Paris IX) - 2010
Regarding the decline of book-to-market ratio, resulting from a very imperfect recognition of intangible capital, this paper aims to examine the foundation of organization capital measurement. By using the rule of representation (Ijiri, 1975), which indicates a lack of isomorphism between the...
Persistent link: https://www.econbiz.de/10011073619
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Time and dynamic Volume-Volatility Relation around Option Listing: Evidence from the French Underlying Stocks
Tekaya, Rim; Jouaber, Kaouther - Université Paris-Dauphine (Paris IX) - 2010
We empirically investigate the impact of option listing on the underlying stock efficiency by looking at the volume-volatility relation of underlying stock. We use a time- consistent bivariate VAR (Vector Autoregressive Regression) model that includes time duration between trades. This model...
Persistent link: https://www.econbiz.de/10010707501
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How does option listing affect the underlying stock price duration ? A study of French underlying stock efficiency
Jouaber, Kaouther; Tekaya, Rim - Université Paris-Dauphine (Paris IX) - 2009
We empirically investigate the effect of option listing on the underlying stock pricing efficiency by examining the stock price duration dynamic. We use univariate tests and modified Log-ACD models that account for liquidity. Results indicate that option listing neither damages nor improves the...
Persistent link: https://www.econbiz.de/10010708183