… ’ type and most specifically between domestic and foreign investors by issuing restricted
R-shares. The buyer of a restricted R-share could not act as a shareholder unless his/her …

The conflict between shareholders and bondholders in a levered firm over the choice of the
risk level for firm assets is well-known. The original contingent claims approach to this issue …

Within the context of investment under uncertainty, the real options literature has led to models
that capture primarily the time to wait flexibility of monopolistic corporations' investment …

This paper investigates the influence of Swiss firms' disclosure policy and of their financial
analysts' coverage on stock price abnormal reactions to the publication of the annual reports. …

In this study we re-examine the pricing of equity and the risk incentives of shareholders in
levered firms. We derive a down-and-out call equity valuation model which rests on the …

… In addition, one can see that the changes in the adjusted Rsquared are unnoticeable when
we … When we consider the adjusted Rsquared of the GARCH(1,1) and historical forecasts, we …

This study examines the informational feedback effects associated to the listing and trading
of derivatives in Switzerland. The observed changes in the price and higher moments of …

A model to price the call features embedded in Swiss riskless callable bonds is developed.
The model accounts for the time-dependent variance of bond returns, the specific exercise …