This paper examines whether the use of derivatives improves firms' information environment, which is a relatively under-investigated research area in risk management literature. Using a sample of French non-financial listed firms, we show that firms which use derivatives enjoy high levels of...

This study investigates the effects of some characteristics of the French corporate governance model - deemed to foster entrenchment and facilitate private benefits extraction - on the extent of analyst following. The results show that analysts are more likely to follow firms both with high...

This study investigates the effects of some characteristics of the French corporate governance model - deemed to foster entrenchment and facilitate private benefits extraction - on the extent of analyst following. The results show that analysts are more likely to follow firms both with high...

(VF)À partir d’un échantillon de 423 entreprises françaises observées sur la période 1999-2000, nous montrons que l’existence d’une séparation entre la propriété du capital et le contrôle des votes, ou d’un contrôle pyramidal ne dissuade pas les analystes de suivre une...