Zobrazeno 1 - 10
of 36
pro vyhledávání: '"François Derrien"'
Publikováno v:
Journal of Financial Economics. 147:243-269
Revaluations of industry peers around horizontal acquisitions are negative when targets are private, but positive when they are public. We posit this “revaluation spread” arises because acquiring managers favor private targets when public firms a
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Emerging Markets Finance and Trade. 57:2583-2603
This paper explores the impact of regulations imposed by Chinese authorities on the development of the Chinese IPO market. Because of limits on prices and proceeds, the Chinese IPO market does not ...
Publikováno v:
SSRN Electronic Journal.
We investigate how sell-side analysts adjust their earnings forecasts following ESG incidents. We find that following negative ESG news, analysts significantly downgrade their earnings forecasts at all horizons, including long-term. Forecast revision
Autor:
Michel Choubry, François Derrien, Bernard de Gouvello, Alexandra Mienne, Jean-Pierre Roberjot, Thibaud Rousselle
Le guide'Plomberie et installations sanitaires'aidera le lecteur à choisir un type de réseau, à le dimensionner, à choisir la nature des canalisations et des raccordements, à identifier les spécificités liées à la pose des canalisations (app
Autor:
Olivier Dessaint, François Derrien
Publikováno v:
Review of Finance. 22:1375-1411
This paper explores how league tables, which are rankings based on market shares, influence the mergers and acquisitions market. A bank’s league table rank predicts its future deal flow, above and beyond other determinants. This creates incentives
Publikováno v:
Other repository
We study how crises affect Central Clearing Counterparties (CCPs). We focus on a large and safe segment of the CCP-cleared repo market during the Eurozone sovereign debt crisis. We develop a simple model to infer CCP stress, which is measured as repo
Publikováno v:
SSRN Electronic Journal.
This paper explores the effects of online customer ratings on debt capacity. Using a large sample of Parisian restaurants, we find a positive and economically significant relation between customer ratings and bank debt. We use the locally exogenous v
Publikováno v:
SSRN Electronic Journal.
Firms in younger labor markets produce more innovation. We establish this using the local labor force projected based on historical births in each local labor market in the United States. Three successive levels of analysis – labor markets, firms,
Autor:
Ambrus Kecskes, François Derrien
Publikováno v:
The Journal of Finance. 68:1407-1440
We study the causal effects of analyst coverage on corporate investment and financing policies. We hypothesize that a decrease in analyst coverage increases information asymmetry and thus increases the cost of capital; as a result, firms decrease the