Università della Svizzera italiana

Conflicts of interest in initial public offerings

Pratobevera, Giuseppe ; Degeorge, François (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2018 ; 2018ECO003.

In my thesis I investigate the conflicts of interests between underwriters, issuers, and investors in initial public offerings (IPOs). I provide empirical evidence that conflicts of interest exist, affect the IPO process, and have real monetary costs for IPO issuers. The novel data, methodologies, and identification strategies used in this thesis allow answering questions so far unexplored by...

Università della Svizzera italiana

An empirical study of information flows and conflicts of interests in brokerage business and mutual fund industry

Nefedova, Tamara ; Degeorge, François (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2014 ; 2014ECO002.

In my PhD thesis I unveil somewhat controversial trading practices and conflicts of interests in mutual fund industry and brokerage business. I aim to provide empirical evidence of premature information diffusion in capital markets. The novel data and identification approach of the study allows answering the questions so far not answered in the literature. In Chapter I of my thesis, I study a...

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...