IDEAS home Printed from https://ideas.repec.org/p/fie/wpaper/1110.html
   My bibliography  Save this paper

Modification du nominal des actions en France : signal ou événement cosmétique ?

Author

Listed:
  • Bruno Pecchioli

Abstract

La littérature existante quant-à l’incidence des annonces de divisions/multiplications de nominal sur le marché est aujourd’hui relativement abondante mais principalement anglo-saxonne. Plusieurs hypothèses majeures en émergent, la principale étant l’hypothèse de « signal ». Selon cette hypothèse, les investisseurs interprètent l’annonce de modification du nominal comme une information nouvelle vis-à-vis des perspectives futures de la société et réagissent en conséquence. La présente étude propose alors de tester empiriquement cette hypothèse « classique » outre-Atlantique sur le marché boursier français, peu étudié jusqu’alors, tout en tenant compte de ses spécificités intéressantes vis-à-vis des Etats-Unis.

Suggested Citation

  • Bruno Pecchioli, 2011. "Modification du nominal des actions en France : signal ou événement cosmétique ?," Cahiers du CEREFIGE 1110, CEREFIGE (Centre Europeen de Recherche en Economie Financiere et Gestion des Entreprises), Universite de Lorraine, revised 2011.
    • Handle: RePEc:fie:wpaper:1110
    as

    Download full text from publisher

    File URL: http://cerefige.univ-lorraine.fr/sites/cerefige.univ-lorraine.fr/files/users/11-10_cahier_recherche_pecchioli.pdf
    File Function: First version, 2011
    Download Restriction: no
    File URL:
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fie:wpaper:1110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sebastien Liarte (email available below). General contact details of provider: https://edirc.repec.org/data/grnanfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.