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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 in different countries? Looking only at cumulative abnormal returns (CARs) is insufficient and the results are sometimes contradictory. To answer to these questions we use the...

Persistent link: https://www.econbiz.de/10011269167

Ownership, control and market liquidity

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

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...

Persistent link: https://www.econbiz.de/10010706821

Ownership, control and market liquidity

Hamon, Jacques; Ginglinger, Edith - Université Paris-Dauphine (Paris IX) - 2012

We examine how ownership concentration and the separation of ownership and control affect secondary-market liquidity in France. We find that firms with a large insider blockholder exhibit significantly lower liquidity. However, different methods of enhancing control affect liquidity in different...

Persistent link: https://www.econbiz.de/10010708299

Equal opportunity rule vs. market rule in transfer of control: How can private benefits help to provide an answer?

de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2013

Having been introduced in the European Union and in many other countries, the equal opportunity rule is seen as protecting investors in the event of a transfer of control. This rule should be analyzed in a context of appropriation of private benefits between the new controlling shareholders and...

Persistent link: https://www.econbiz.de/10010735780

The equal opportunity rule in transfer of control : a signaling model

de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2009

The equal opportunity rule is seen as protecting investors in the event of a transfer of control. In order to better analyze the consequence of such a rule, we need to account for the information asymmetry that exists between new controlling shareholders and outside investors with private...

Persistent link: https://www.econbiz.de/10010706677

The Impacts of Corporate Governance On the Performance of Privatized Firms In Vietnam

Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2008

, Nash and Van Randenborgh (MNR 1994) by using the Wilcoxon and proportion tests to compare the pre- and post-privatization … studies, it has its shortcomings. Indeed, this method is unable to isolate the impact of privatization on firm performance … employed in this paper. Both approaches confirm that privatization in Vietnam brings about significant improvement in most …

Persistent link: https://www.econbiz.de/10010706886

Le LBO et la théorie du co-employeur

Tissandier, Hélène - Université Paris-Dauphine (Paris IX) - 2010

Persistent link: https://www.econbiz.de/10011166305

Transmission de l'entreprise à titre gratuit : quelle sécurité fiscale ? l’évaluation par les financiers

Casta, Jean-François - Université Paris-Dauphine (Paris IX) - 2003

Le colloque « Transmission de l’entreprise à titre gratuit : quelle sécurité fiscale ? », organisé en juin 2003 par l’IDEFS (Université de Paris Dauphine), l’ASMEP et la Semaine juridique, sur le thème de l’évaluation des entreprises non cotées, a eu pour objet de confronter la...

Persistent link: https://www.econbiz.de/10011166311

Représentation de la performance et de la notation sociétale : de l'objet au signe

Quairel, Françoise - Université Paris-Dauphine (Paris IX) - 2004

Persistent link: https://www.econbiz.de/10011166347

Sociétés de gestion de portefeuille : un triple problème de gouvernance

Moussavou, Jean - Université Paris-Dauphine (Paris IX) - 2008

Selon le principe de la muraille de Chine, les activités de gestion doivent pouvoir s’organiser de manière totalement indépendante des activités du dépositaire. En pratique, le principe de cloisonnement entre les activités du dépositaire et celles de la SGP peut apparaître comme une...

Persistent link: https://www.econbiz.de/10011166353