Similar Search Results

L’information boursière comme bien public. Enjeux et perspectives de la révision de la directive européenne « Marchés d’instruments financiers »

Hautcoeur, Pierre-Cyrille; Lagneau-Ymonet, Paul; Riva, … - Université Paris-Dauphine (Paris IX) - 2010

The organization of securities markets has not benefited from the feigned attempts of reform presented by authorities since the outbreak of the current crisis. However, speculative opportunities like the risks incurred also depend on the markets on which one operates. The Markets in Financial...

Persistent link: https://www.econbiz.de/10011073693

Share repurchase regulations: do firms play by the rules?

Hamon, Jacques; Ginglinger, Edith - Université Paris-Dauphine (Paris IX) - 2006

Open market share repurchases are strictly regulated to prevent companies from profiting from insider information. We examine compliance with these rules in France, where the mandatory disclosure of share repurchases provides detailed information on repurchases actually undertaken. Using a...

Persistent link: https://www.econbiz.de/10010861426

Share repurchase regulations: do firms play by the rules?

Hamon, Jacques; Ginglinger, Edith - Université Paris-Dauphine (Paris IX) - 2009

Persistent link: https://www.econbiz.de/10010708506

Legitimizing an Ambiguous Financial Innovation : the case of Exchange Traded Funds in France

Oubenal, Mohamed; Deville, Laurent - Université Paris-Dauphine (Paris IX) - 2012

The results of the study provide empirical evidence of the way ETF promoters were the driving force behind development of the market, exercising social control with relative discretion. Section 2 describes the nature of ETFs in general and the way they have evolved in France, with a focus on...

Persistent link: https://www.econbiz.de/10010708273

Skin in the Game and Moral Hazard

Chemla, Gilles; Hennessy, Christopher A. - Université Paris-Dauphine (Paris IX) - 2014

regarding quality when selling ABS to rational investors. Absent regulation, originators may signal positive information via … below first-best absent regulation. Optimal regulation promoting originator effort entails a menu of junior retentions or …

Persistent link: https://www.econbiz.de/10011166577

Skin in the Game and Moral Hazard

Chemla, Gilles; Hennessy, Christopher A. - Université Paris-Dauphine (Paris IX) - 2013

regulation promotes effort while accounting for investor-level externalities. It entails either a menu of junior retentions or a …

Persistent link: https://www.econbiz.de/10011072798

The Role of Corruption, Culture, and Law in Investment Fund Manager Fees

Najar, Dorra; Johan, Sofia - Université Paris-Dauphine (Paris IX) - 2011

This article considers an international sample of venture capital and private equity funds to assess the role of law, corruption, and culture in setting fund manager fees. With better legal conditions, fixed fees are lower, carried interest fees are higher, clawbacks are less likely, and share...

Persistent link: https://www.econbiz.de/10010708367

The Role of Law Corruption and Culture in Investment Fund Manager Fees

Johan, Sofia; Najar, Dorra - Université Paris-Dauphine (Paris IX) - 2011

This paper considers an international sample of venture capital and private equity funds to assess the role of law, corruption and culture in setting fund manager fees in terms of their fixed management fees, carried interest performance fees, clawbacks of fees and cash versus share...

Persistent link: https://www.econbiz.de/10010708368

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

Rules and IT-based practices: A sociomaterial analysis

de Vaujany, François-Xavier; Fomin, Vladislav; … - Université Paris-Dauphine (Paris IX) - 2014

opportunity-, tool-, functionality-, role-and procedure-oriented modalities. These modalities exemplify specific regulation … shaping practices in the same way that concrete walls and armed guards shaped them. Crucially, students of regulation have …-inscribed rules, we see a paucity of studies on IT use as a form of material-based organizational regulation and associated forms of …

Persistent link: https://www.econbiz.de/10011073681