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Università della Svizzera italiana

Strategic M&A announcement timing, information asymmetry and behavioral biases

Filipovic, Zoran ; Degeorge, François (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2018 ; 2018ECO012.

Mergers and acquisitions (M&As) are among the largest and most important corporate events. Companies acquire other companies for a variety of reasons. The most quoted one is without any doubt the potential additional value from combining two firms, better known as synergy, while the most obscure and the most controversial one is probably the elimination of future competition. No matter what...

Università della Svizzera italiana

Financial analysts and information flows in the markets

Druz, Marina ; Degeorge, François (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2010 ; 2010ECO004.

The aim of this research project is to discuss the information flow between managers, analysts and investors in the financial markets. It examines the official information releases such as quarterly earnings announcements, unofficial flows of information between managers and analysts, and uncertain information as interpretation of managers' actions, so-called "signals", used by analysts and...