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dc.contributor.authorKirat, Thierry*
dc.contributor.authorRezaee, Amir*
dc.date.accessioned2019-10-02T08:50:31Z
dc.date.available2019-10-02T08:50:31Z
dc.date.issued2019
dc.identifier.issn0003-6846
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/19958
dc.language.isoenen
dc.subjectSanctions
dc.subjectwrongdoings
dc.subjectfinancial regulator
dc.subjectreputation
dc.subjectabnormal returns
dc.subject.ddc306.3en
dc.subject.classificationjelK.K2.K22en
dc.subject.classificationjelK.K2.K23en
dc.subject.classificationjelG.G1.G14en
dc.subject.classificationjelK.K4.K42en
dc.titleHow stock markets react to regulatory sanctions? Evidence from France
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherISG International Business School
dc.description.abstractenOur study of how stock market reacts to sanction announcements by the French financial regulator from 2004 to 2014 finds that market reacts negatively when a sanction is announced to the firm or in the press, but that market fails to react at the opening of proceedings for possible sanctions. Cross sectional regression models show that the penalties are too low to influence market reactions. Our results suggest that after the Financial Crisis of 2008, a plethora of news of financial wrongdoings have desensitized markets to announcements of sanctions against large companies
dc.relation.isversionofjnlnameApplied Economics
dc.relation.isversionofjnlvol51
dc.relation.isversionofjnlissue60
dc.relation.isversionofjnldate2019
dc.relation.isversionofjnlpages6558-6566
dc.relation.isversionofdoi10.1080/00036846.2019.1644443
dc.contributor.countryeditoruniversityotherFRANCE
dc.relation.isversionofjnlpublisherTaylor & Francis
dc.subject.ddclabelSociologie économiqueen
dc.description.ssrncandidatenon
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewedoui
dc.date.updated2019-11-22T16:20:26Z
hal.person.labIds184082*
hal.person.labIds172727*
hal.identifierhal-02376764*


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