L
Laurent Frésard
Researcher at Swiss Finance Institute
Publications - 68
Citations - 3277
Laurent Frésard is an academic researcher from Swiss Finance Institute. The author has contributed to research in topics: Investment (macroeconomics) & Stock (geology). The author has an hindex of 21, co-authored 55 publications receiving 2612 citations. Previous affiliations of Laurent Frésard include Center for Economic and Policy Research & HEC Paris.
Papers
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Financial Strength and Product Market Behavior: The Real Effects of Corporate Cash Holdings
Laurent Frésard,Laurent Frésard +1 more
TL;DR: In this paper, the authors show that corporate cash holdings are a key driver of product market performance and provide evidence that larger relative-to-rivals cash reserves lead to systematic future market-share gains at the expense of industry rivals.
Journal ArticleDOI
Financial Strength and Product Market Behavior: The Real Effects of Corporate Cash Holdings
TL;DR: In this article, the authors show that large cash reserves lead to systematic future market share gains at the expense of industry rivals, and that the competitive effect of cash is markedly distinct from the strategic effect of debt on product market outcomes.
Journal ArticleDOI
Learning from peers' stock prices and corporate investment.
Thierry Foucault,Laurent Frésard +1 more
TL;DR: In this paper, the authors show that the sensitivity of a firm's investment to its stock price is lower when its peers' stock price informativeness is higher or when demands for its products and their peers' products are more correlated.
Posted Content
The value of excess cash and corporate governance: evidence from u.s. cross-listings
Laurent Frésard,Carolina Salva +1 more
TL;DR: In this article, the authors examine whether and if so, how a U.S. cross-listing mitigates the risk that managers will squander corporate cash holdings.
Journal ArticleDOI
Learning from Peers' Stock Prices and Corporate Investment
TL;DR: In this paper, the authors show that the sensitivity of a firm's investment to its stock price is lower when its peers' stock prices informativeness is higher or when demands for its products and their peers' products are more correlated.