This paper examines whether high valuation of loss firms really exists and can be explained by behavioral factors. This valuation may originate from irrational behavior of optimistic investors who prefer lottery-like stocks, or from rational expectations of firms' profitability. Using a sample...

The usefulness and the justification of the dividend policy constitute one of the most debated topic of the financial theory. In the dividend policy study, two dates have to be considered: the dividend announcement date and the ex-dividend day. The objective of our study is to add to the...

Cet article étudie le lien de causalité entre les variations de cours boursiers et les révisions des prévisions de bénéfice par action formulées par les analystes financiers de la zone Euro lors de la crise financière de 2007-2008. L'étude montre qu'en 2008, les révisions des...