Edith Ginglinger

TL;DR: In this article, the impact of share repurchases on the liquidity of French companies was investigated. But, the analysis was limited to the French market, and the results showed that corporate share repurchase has a significant adverse effect on liquidity as measured by bid-ask spread or depth.

TL;DR: In this article, the authors examine the impact of employee-directors on corporate valuation, payout policy, and internal board organization and performance, and find that directors elected by employee shareholders unambiguously increase firm valuation and profitability, but do not significantly impact corporate payout (dividends and share repurchases) policy or board organisation and performance.

TL;DR: In this article, the authors examined open market stock repurchases in France and found an average positive market reaction on the announcement However, the magnitude of price reaction is dependent on a number of measures of corporate governance structure The positive aspects of the announcement surface only for a company with a low likelihood of takeover and a low risk of minority shareholder expropriation

TL;DR: In this paper, the authors examine the impact of employee-directors on corporate valuation, payout policy, and internal board organization and performance, and find that directors elected by employee shareholders increase firm valuation and profitability, but do not significantly impact corporate payout policy.

TL;DR: In this paper, the authors examine open market stock repurchases in France and find a positive average market reaction to the repurchase announcement, however, the magnitude of the price reaction is found to depend on a number of corporate governance structure measures.