(Working Papers SES ; 520)
This paper investigates the impact of the COVID-19 pandemic on the trading behavior of investors around ex-dividend dates in Europe. The sudden decrease in the number of companies paying dividends reduced the opportunities to capture dividends. The firms that have maintained dividend payments during the pandemic thus attracted more interest than before. This led to a doubling in the magnitude...
- WORKING
PAPERS
SES
Chasing dividends during the
COVID-19 pandemic
Nicolas Eugster,
Romain Ducret,
Dušan Isakov,
and
Jean-Philippe Weisskopf
N. 520
X.2020
Faculté des sciences économiques et sociales et du management
Wirtschafts- und sozialwissenschaftliche Fakultät
Chasing dividends during the COVID-19 pandemic
Nicolas Eugstera, Romain Ducretb, Dušan Isakovc & Jean-Philippe Weisskopfd
This version: September 24, 2020
Abstract
This paper investigates the impact of the COVID-19 pandemic on the trading behavior of
investors around ex-dividend dates in Europe....
- More information on https://www.unifr.ch/cgf
Dušan ISAKOV
University of Fribourg, Boulevard de Pérolles 90, CH-1700 Fribourg, Switzerland,
email: dusan.isakov@unifr.ch....
- Citation proposal
Nicolas Eugster, Romain Ducret, Dušan Isakov, Jean-Philippe Weisskopf. 2020....
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(Working Papers SES ; 511)
Finance practitioners frequently claim that stocks of Korean firms are undervalued and trade at a discount relative to foreign firms. This phenomenon is commonly called «the Korea discount». It is based on anecdotal evidence comparing either the price- earnings ratios of different market indexes or those of different individual stocks. This paper provides empirical evidence on the existence...
- WORKING
PAPERS
SES
The Korea discount and
chaebols
Romain Ducret
and
Dušan Isakov
N. 511
XI.2019
Faculté des sciences économiques et sociales
Wirtschafts- und sozialwissenschaftliche Fakultät
The Korea discount and chaebols
Romain Ducret
Dušan Isakov
This version: November 11, 2019
Abstract:
Finance practitioners frequently claim that stocks of Korean firms are undervalued and trade at
a discount relative to foreign firms....
- More on http://www.unifr.ch/cgf
Dušan ISAKOV
University of Fribourg, Boulevard de Pérolles 90, CH-1700 Fribourg, Switzerland,
email: dusan.isakov@unifr.ch....
- Citation proposal
Romain Ducret, Dušan Isakov 2019....
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(Working Papers SES ; 490 (revised))
This paper explores the relationship between founding family ownership and stock market returns. Using the entire population of non-financial firms listed on the Swiss stock market for 2003–2013, we find that the stock returns of family firms are significantly higher than those of non-family firms after adjusting the returns for different firm characteristics and risk factors. Family firms...
- Isakov, D., and Weisskopf, J....
- Isakov, D., and Weisskopf, J....
- Citation proposal
Nicolas Eugster, Dušan Isakov. 2018....
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(Working Papers SES ; 490)
This paper explores the relationship between founding family ownership and stock market returns. Using the entire population of non-financial firms listed on the Swiss stock market for 2003–2013, we find that the stock returns of family firms are significantly higher than those of non-family firms after adjusting the returns for different risk factors and firm characteristics. Family firms...
- Isakov, D., and Weisskopf, J....
- Data are obtained from
Ammann and Steiner (2008) website.
44
Working Paper 490 november 2017
Authors
Nicolas EUGSTER
University of Fribourg, Boulevard de Pérolles 90, CH-1700 Fribourg, Switzerland
Email: nicolas.eugster@unifr.ch
Dušan ISAKOV
University of Fribourg, Boulevard de Pérolles 90, CH-1700 Fribourg, Switzerland,
email: dusan.isakov@unifr.ch....
- Citation proposal
Nicolas Eugster, Dušan Isakov. 2017....
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(Working Papers SES ; 449)
Cet article analyse les rémunérations des dirigeants des sociétés suisses cotées en bourse entre 2007 et 2012. Dans un premier temps, nous exposons les différentes composantes du revenu ainsi que le rôle de chaque élément avant de jeter un regard critique sur le contenu informationnel des rapports de gestion en matière de rémunération. Nous présentons ensuite le contenu de la base de...
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Auteurs Dušan ISAKOV Université de Fribourg, Boulevard de Pérolles 90 CH-1700 Fribourg, email: dusan.isakov@unifr.ch....
- Mots-clefs Rémunérations, dirigeants, performance, bonus, actions, options, rapports annuels, base de données Classification JEL G30, D31 Proposition de citation Isakov Dušan, Parietti Simone. 2014....
- ; 2013 443 Isakov D., Weisskopf J....
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(Working Papers SES ; 428)
This paper examines how family and non-family ownership affects the performance of Swiss listed firms from 2003 to 2010. We distinguish between these two types of controlling shareholders since they have different objectives. We hypothesise that only family shareholders have a real incentive to reduce agency costs whereas non-family blockholders are similar to widely held companies. Our results...
- An Investigation of Controlling Shareholder Influence on Firm Performance
Dušan Isakov and Jean-Philippe Weisskopf
F A C U LT É D E S S C I E N C E S E C O N O M I Q U E S E T S O C I A L E S W I R T S C H A F T S - U N D S O Z I A L W I S S E N S C H A F T L I C H E F A K U LT Ä T UNIVERSITÉ
DE
FRIBOURG
|
UNIVERSITÄT FREIBURG
Are Founding Families Special Blockholders?...
- The t-stats are in parentheses and are calculated with clustered robust standard errors. ***, **, * show significance at the 1%, 5%, 10% levels, respectively.
31
Authors Dušan ISAKOV Faculty of Economics and Social Sciences, University of Fribourg, 90 Boulevard de Pérolles, 1700-Fribourg, Switzerland, email: dusan.isakov[at]unifr.ch....
- JEL Classification G3; G32 Citation proposal Isakov Dušan, Weisskopf Jean-Philippe. 2012....
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(Working Papers SES ; 408)
Les rachats d'actions sont autorisés depuis plus de quinze ans en Suisse. Cet article propose une analyse des rachats dans le contexte institutionnel, fiscal et juridique helvétique. Après avoir décrit les principales techniques de rachat à disposition des entreprises et les objectifs visés par une telle opération, ce travail analyse l'effet des rachats sur les ratios financiers et la...
- Objectifs, conséquences et pratiques
Dušan Isakov et Pierre-André Dumont
F A C U LT É D E S S C I E N C E S E C O N O M I Q U E S E T S O C I A L E S W I R T S C H A F T S - U N D S O Z I A L W I S S E N S C H A F T L I C H E F A K U LT Ä T UNIVERSITÉ
DE
FRIBOURG
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UNIVERSITÄT FREIBURG
Les rachats d'actions en Suisse
Objectifs, conséquences et pratiques*
Pierre-André DUMONT** Université de Genève Dušan ISAKOV*** Université de Fribourg
Juillet 2009
Résumé: Les rachats d'actions sont autorisés depuis plus de quinze ans en Suisse....
- Isakov, C....
- Mot-clés rachats d'actions, dividendes, ratio, fiscalité, valeur de l'entreprise Classification JEL G32, G35, G38 Proposition de citation Isakov Dušan, Dumont Pierre-André 2009....
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(Working Papers SES ; 421)
This paper extends the literature on the profitability of technical analysis in three directions. First, we investigate the performance of complex trading rules based on moving averages computed over longer periods than those usually considered. Different trading rules are simulated on daily prices of the Standard & Poor’s 500 index and we find that trading rules are more profitable when...
- 8.2011 N° 421
WORKING PAPERS SES
Technical Analysis with a Long-Term Perspective: Trading Strategies and Market Timing Ability
Dušan Isakov and Didier Marti
F A C U LT É D E S S C I E N C E S E C O N O M I Q U E S E T S O C I A L E S W I R T S C H A F T S - U N D S O Z I A L W I S S E N S C H A F T L I C H E F A K U LT Ä T UNIVERSITÉ
DE
FRIBOURG
|
UNIVERSITÄT FREIBURG
Technical Analysis with a Long-Term Perspective: Trading Strategies and Market Timing Ability
Dušan ISAKOV*
University of Fribourg, Switzerland
Didier MARTI**
University of Fribourg, Switzerland First version: December 21, 2009 This version: June 22, 2011
Abstract This paper extends the literature on the profitability of technical analysis in three directions....
- Options 15%
Options 10%
Debt no cost
Debt Borrowing cost
40
Authors Dušan ISAKOV Faculty of Economics and Social Sciences, University of Fribourg, 90 Boulevard de Pérolles, 1700-Fribourg, Switzerland, email: dusan.isakov[at]unifr.ch....
- Keywords Technical trading, Moving average, Forecasting, Leverage, Market timing JEL Classification C63, G11, G13, G17 Citation proposal Isakov Dušan, Marti Didier. 2011. « Technical Analysis with a Long-Term Perspective: Trading Strategies and Market Timing Ability»....
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In: The European Journal of Finance
Recent evidence by Fama and French (1992,1996) and others shows that betas and returns are not related empirically. They interpret this as evidence against the validity of the capital asset pricing model and they conclude that the beta is not a good measure of risk. This paper claims that usual tests do not leave much opportunity for beta to appear as a useful variable capable of explaining...
- Conclusive evidence from the Swiss stock market
Dušan ISAKOV HEC-University of Geneva
This version: July 1997
Mailing address: HEC-University of Geneva 102, Boulevard Carl-Vogt CH-1211Genève 4 Switzerland Phone: +41 22 705 86 11 Fax: +41 22 705 81 04 Email: isakov@uni2a.unige.ch
1
Abstract: Recent evidence by Fama and French (1992,1996) and others shows that betas and returns are not related empirically....
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(FAME Research Paper ; 86)
Have the euro and accompanying measures of financial integration had a discernable impact on the degree of diversification of European investors? This is an empirical question that this paper tries to answer by exploring four alternative avenues. First we focus on the final outcome: If European investors are indeed better diversified, their consumption should be increasingly correlated. Second we...
- Box 3 • CH-1211 Geneva 4 • tel +41 22 / 312 0961 • fax +41 22 / 312 1026 http://www.fame.ch • e-mail: admin@fame.ch
PORTFOLIO DIVERSIFICATION IN EUROPE
Kpate ADJAOUTÉ Jean-Pierre DANTHINE Dušan ISAKOV April 2003
Portfolio Diversification in Europe*
Kpate Adjaouté
HSBC Republic Bank (Suisse) SA & FAME
Jean-Pierre Danthine
HEC-University of Lausanne, CEPR & FAME
Dušan Isakov
HEC- University of Geneva & FAME
Current draft: April 2003
Abstract: Have the euro and accompanying measures of financial integration had a discernable impact on the degree of diversification of European investors?...
- Isakov and Sonney (2003) provide a converging assessment....
- Dušan ISAKOV, HEC-Université de Genève; Marc HOLLISTEIN, Banque Cantonale de Genève; January 1999 Enhancing portfolio performance using option strategies: why beating the market is easy....
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