Stadard asset pricing models generally exclude corporate control and liquidity considerations
as joint explanatory factors of the stock price formation process. This empirical study …

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 …

This study compares the performance of the ISD, the GARCH(1,1), the historical volatility
estimates and of two lagged trading volume measures for predicting the Swiss Stock Market …

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 …

This paper reviews methods that can be used to value illiquid investments, with a particular
focus on private equity and real estate. We discuss the traditional valuation methods, in …

… for providing earnings per share forecast data and thank Rajna Gibson-Asner and
François-Serge Lhabitant for providing the data on options quoted on the SOFFEX. All remaining …