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Université de Fribourg

Investors' perception of business group membership during an economic crisis : Evidence from the COVID-19 pandemic

Ducret, Romain

(Working Papers SES ; 524)

This paper examines how investors perceive business group membership in Korea during the COVID-19 pandemic. Stock price performance analysis reveals evidence of a time-varying and heterogeneous value of affiliation: investors discount business group affiliation during a market collapse, but are willing to pay a premium for affiliation during market recovery. Overall, this pattern is more...

Consortium of Swiss Academic Libraries

Shareholder voting and merger returns

Henning, Laura

In: Financial Markets and Portfolio Management, 2015, vol. 29, no. 4, p. 337-363

Consortium of Swiss Academic Libraries

Calls of convertible debt securities: no bad news at all

Nigbur, Tobias

In: Financial Markets and Portfolio Management, 2015, vol. 29, no. 1, p. 61-79

Università della Svizzera italiana

Essays in institutional investors, market efficiency and the real economy

Tubaldi, Roberto ; Frésard, Laurent (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2021 ; 2021ECO004.

My dissertation consists of three chapters, each of which focuses on how institutional investors trade, impact price efficiency in secondary financial markets and influence the allocation of resources in the real economy. Using a novel approach based on hurricanes, the first chapter, Mutual Funds’ Fire Sales and the Real Economy: Evidence from Hurricanes, contributes to the recent debate on...