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[fre] Régulation, Trading Volume and Stock Market Volatility. . Il est souvent avancé que la spéculation est la source d'une volatilité excessive des cours boursiers. Les autorités sont alors confrontées à un dilemme : renforcer la réglementation (par exemple en accroissant les coûts de...
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Our work provides refined tests of the source of merger gains in a neglected industry: utilities. Utilities offer fertile ground for analysis of traditional theories: synergy, collusion, hubris, and anticipation. Utility mergers create wealth for the combined firm, consistent with both the...
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