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Concept

Introduction en bourse

Publications associées (16)

Takeover Protections and Asset Prices

Erwan Morellec

We study the effects of takeover feasibility on asset prices and returns in a unified framework. We show theoretically that takeover protections increase equity risk, stock returns, and bond yields by removing a valuable put option to sell the firm, notabl ...

Informs2024

Techno-economic and environmental impact assessment of an olive tree pruning waste multiproduct biorefinery

Elia Mercedes Ruiz Pachon

This work focuses on the economic performance and environmental assessment of two biorefinery schemes using 100 t/day of olive tree pruning waste as feedstock. The first scheme is based on a multiproduct biorefinery producing 6363.64 m3/yr of ethanol, 999. ...

ELSEVIER2022

Essays in Financial Economics

Kornelia Fabisik

This thesis consists of three parts that study separate subjects in corporate finance and corporate governance. The overarching theme is ownership by CEOs and other insiders. In the first part, which is co-authored work with Rüdiger Fahlenbrach, René M. ...

EPFL2020

Dating Death: An Empirical Comparison of Medical Underwriters in the U.S. Life Settlements Market

Jiahua Xu

The value of a life settlement investment, manifested through a traded life insurance policy, is highly dependent on the insured's life expectancy (LE). LE estimation in life settlements relies heavily on medical underwriting. Employing different evaluatio ...

2020

The Advent of the Sharing Culture and its Effect on Product Pricing

Thomas Alois Weber, Maryam Razeghian Jahromi

Empirical observations suggest that consumers' propensity towards sharing varies with culture and the individuals' socio-demographic characteristics. In an economy with overlapping generations of heterogeneous consumers, we study optimal dynamic selling by ...

2019

Commercialization Strategy and IPO Underpricing

Gaétan Jean A de Rassenfosse

This paper studies the interplay between two defining features of technology-based firms: licensing as a commercialization strategy and the reliance on equity financing. Within the context of an IPO, we argue that the technology commercialization strategy ...

Elsevier2017

Three Essays on Corporate Disclosure

Evgeny Petrov

Corporate disclosure is the most important source of information about the firm for the outside investors. While some disclosure of public firms is mandated by regulation, firm managers can provide extra information at their discretion by making voluntary ...

EPFL2017

Signaling and Self-regulation in Venture Capital : Evidence from Investments in the Clean Technology Sector

Giovanni Liotta

This thesis proposes three studies that provide novel empirical evidence on how different types of VCs' characteristics signal the quality of an entrepreneurial venture and influence investment strategies of funds subject to self-regulation. In the first s ...

EPFL2016

Essays in Empirical Corporate Finance

Stefano Colonnello

This dissertation consists of three chapters. The first chapter examines whether the availability of credit default swaps (CDS) has consequences for creditor governance. CDSs offer creditors the opportunity to hedge credit risk and may impact their willing ...

EPFL2015

Optimizing a remotely sensed proxy for plankton biomass in Lake Kivu

Andrea Rinaldo, Enrico Bertuzzo, Lorenzo Mari, Allyn Christine Knox

Many regions of the world, including inland lakes, present with suboptimal conditions for the remotely sensed retrieval of optical signals, thus challenging the limits of available satellite data-processing tools, such as atmospheric correction models (ACM ...

Taylor & Francis2014

Essays in Financial Economics

In the first chapter of this thesis, I empirically show that the time delay firms face in raising outside capital affects cash holdings. I exploit the 2005 US Securities Offering Reform (the Reform) as a quasi-natural experiment. For a subset of large publ ...

EPFL2012

Thermoeconomic optimization of a combined-cycle solar tower power plant

Daniel Favrat, Germain Augsburger

A dynamic model of a pure-solar combined-cycle power plant has been developed in order to allow determination of the thermodynamic and economic performance of the plant for a variety of operating conditions and superstructure layouts. The model was then us ...

2012

Venture Capitalists in Firm Governance: Impact on Founder Turnover

Anu Wadhwa

Prior literature tells us VCs are responsible for ousting founders from their leadership positions and replacing them with professional management around IPO time. This argument assumes all founders are equally incapable of running a company beyond the ini ...

2010

Why do firms appoint CEOs as outside directors?

Rüdiger Fahlenbrach

Companies actively seek to appoint outside CEOs to their boards. Consistent with our matching theory of outside CEO board appointments, we show that such appointments have a certification benefit for the appointing firm. CEOs are more likely to join boards ...

Elsevier2010

Collaborative working capital management in supply networks

Supply chain management is widely accepted as a means for companies to gain competitive advantage. While product and information flows have been widely covered in the literature, relatively little attention has been paid to the management of a supply chain ...

EPFL2010

Can Successful Founders Hold on to Their Seats after Going Public? The Impact of Venture Capitalists on Founder Turnover

Anu Wadhwa

In this study, we explore the impact of venture capitalist involvement on the relationship between a new venture's pre-IPO performance and the subsequent likelihood of founder turnover. Using new venture perspectives, and the life cycle and agency theories ...

2008

Publications associées (16)