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When Cutting Dividends Is Not Bad News : The Case of Optional Stock Dividends

David, Thomas - 2016

We provide evidence on optional stock dividends, a mechanism that allows shareholders to choose between stock dividends and cash dividends. We find that, in contrast to dividend cuts, shareholders do not view this option as bad news. They overwhelmingly approve it at general meetings, with the...

Persistent link: https://www.econbiz.de/10013001538

Climate Risk and Capital Structure

Ginglinger, Edith - 2019

We use new data measuring forward-looking physical climate risk at the firm level to examine the impact of climate risk … on capital structure. We find that greater climate risk leads to lower leverage in the post-2015 period, i.e., after the … ratings and several fixed effects. Our evidence shows that the reduction in debt related to climate risk is shared between a …

Persistent link: https://www.econbiz.de/10012893726

Climate risk and capital structure

Ginglinger, Edith; Moreau, Quentin - In: Management science : journal of the Institute for … 69 (2023) 12, pp. 7492-7516

Persistent link: https://www.econbiz.de/10014444149

Ownership structure and open market stock repurchases in France

Ginglinger, Edith; L'Her, Jean-François - Université Paris-Dauphine (Paris IX) - 2006

, and with a low risk of minority shareholder expropriation. Specifically,stock repurchase programs are good news when the …

Persistent link: https://www.econbiz.de/10011166304

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

Employee Ownership, Board Representation, and Corporate Financial Policies

Ginglinger, Edith; Waxin, Timothée; Megginson, William - Université Paris-Dauphine (Paris IX) - 2009

French law mandates that employees of large publicly listed companies be allowed to elect two types of directors to represent employees. First, partially privatized companies must reserve two or three (depending on board size) board seats for directors elected by employees by right of...

Persistent link: https://www.econbiz.de/10011074058

Actual share repurchases, timing and liquidity

Hamon, Jacques; Ginglinger, Edith - Université Paris-Dauphine (Paris IX) - 2007

Research on the impact of open market share repurchases has been hindered by the lack of data available on actual share repurchases in many countries, including the US. Using a previously unused database containing detailed information on 36,848 repurchases made by 352 French firms, we show that...

Persistent link: https://www.econbiz.de/10010744750

Employee Ownership, Board Representation, and Corporate Financial Policies.

Ginglinger, Edith; Waxin, Timothée; Megginson, William - Université Paris-Dauphine

Persistent link: https://www.econbiz.de/10008551689

Actual share repurchases, timing and liquidity.

Hamon, Jacques; Ginglinger, Edith - Université Paris-Dauphine - 2007

Persistent link: https://www.econbiz.de/10008532667

Cash holdings, corporate governance and financial constraints.

Saddour, Khaoula; Ginglinger, Edith - Université Paris-Dauphine

strong shareholder rights hold more cash, contrary to the predictions of agency theory. This result is partly due to the …

Persistent link: https://www.econbiz.de/10008572198