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Impacts de la Notation Financière Sur Le Prix Des Actions

Impacts de la Notation Financière Sur Le Prix Des Actions

          
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About the Book

Les agences de notation financière font l'objet de critiques liées à la sous-évaluation de certains risques de défaut. Les débats oscillent entre une remise en cause de leur utilité fondée sur leurs retards de réaction et une mise en avant de leur responsabilité dans la volatilité des marchés financiers dans le cas contraire. Cette recherche apporte des éléments objectifs d'analyse et de nouvelles pistes de réflexion sur l'influence réelle des agences de rating sur les marchés financiers au niveau européen. Les travaux empiriques s'appuient sur l'étude de 1 035 annonces publiées par Standard and Poor's concernant 212 sociétés cotées européennes sur la période comprise entre 1998 et 2006. Les résultats confirment d'abord l'asymétrie moyenne de réaction des marchés d'actions et apportent des approfondissements sur les niveaux de réaction par catégorie de changement de note. Les travaux précisent également les circonstances qui conduisent à une diminution effective du prix des actions et qui influencent leur niveau de correction dans le cas d'entreprises confrontées à une annonce négatives.


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Product Details
  • ISBN-13: 9786131532108
  • Publisher: Omniscriptum
  • Publisher Imprint: Omniscriptum
  • Height: 229 mm
  • No of Pages: 432
  • Series Title: Omn.Univ.Europ.
  • Weight: 630 gr
  • ISBN-10: 6131532109
  • Publisher Date: 28 Feb 2018
  • Binding: Paperback
  • Language: French
  • Returnable: N
  • Spine Width: 24 mm
  • Width: 152 mm


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