Articles

The distribution of daily stock returns and settlement procedures: the Paris Bourse

B. SOLNIK

The Journal of Finance

décembre 1990, vol. 45, n°5, pp.1601-1609

Départements : Finance


In many countries settlements take place a fixed number of business days after the transaction (U.S., Japan). In other countries settlements take place periodically on a fixed date when all transactions performed before this date are settled (U.K., France, Italy). In both cases settlement procedures should cause returns not to be identically distributed over all days. The effect is likely to be the largest on markets where all trades are settled only once a month. An empirical investigation of the largest of those markets, the Paris Bourse, demonstrates the importance of the settlement procedure on the distribution of daily returns

The Economic Implications of an Incomplete Asset Market

H. M. POLEMARCHAKIS

American Economic Review

1990, n°80

Départements : Finance


The individuality of universal hedging

M. Adler, B. SOLNIK

Financial Analysts Journal

mai-juin 1990

Départements : Finance


The Logic of Mere Exposure: A Reinterpretation of Anand, Holbrook, and Stephens (1988)

T. B. HEATH

Journal of Consumer Research

septembre 1990, vol. 17, pp.237-241

Départements : Marketing


The money and bond markets in France: segmentation vs. integration

B. Jacquillat, B. DUMAS

Journal of Banking and Finance

1990, vol. 14, n°2-3, pp.613-636

Départements : Finance


Un autre aspect dans l'étude du consommateur : l'approche situationnelle

B. DUBOIS

Revue Française du Marketing

4e trimestre 1990, n°129, pp.73-81

Départements : Marketing


Values for Two-Stage Games: Another View of the Shapley Axioms

A. Beja, I. GILBOA

International Journal of Game Theory

1990, vol. 19, pp.17-31

Départements : Economie et Sciences de la décision, GREGHEC (CNRS)


Vraies marques et fausses marques

J.-N. KAPFERER

Revue Humanisme et Entreprise

juin 1990, n°181

Départements : Marketing



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