Nicolas Eugster
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View article: Does the linguistic complexity of annual reports affect the corporate leasing decision?
Does the linguistic complexity of annual reports affect the corporate leasing decision? Open
Using a sample of 94,697 US firm‐year observations from 1994 to 2017, we document that annual report complexity is positively and significantly associated with a firm's operating lease ratio. In addition, we find that financially constrain…
View article: The behavior of stock prices around the ex-day during a dividend shortage
The behavior of stock prices around the ex-day during a dividend shortage Open
This paper investigates the behavior of stock prices around ex-dividend dates in Europe over the period 2018-2022. In the early months of the COVID-19 pandemic in 2020, a significant fraction of firms cut, suspended, or reduced their divid…
View article: Nonstandard Errors
Nonstandard Errors Open
In statistics, samples are drawn from a population in a data‐generating process (DGP). Standard errors measure the uncertainty in estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence‐gener…
View article: Internal governance mechanisms and corporate misconduct
Internal governance mechanisms and corporate misconduct Open
International audience
View article: Chasing dividends during the <scp>COVID</scp>‐19 pandemic
Chasing dividends during the <span>COVID</span>‐19 pandemic Open
This paper investigates the impact of the coronavirus disease 2019 pandemic on investors' trading behaviors around ex‐dividend dates in Europe. The sudden decrease in the number of companies paying dividends reduced the opportunities to ca…
View article: Is Competition Beneficial? The Case of Exchange Traded Funds
Is Competition Beneficial? The Case of Exchange Traded Funds Open
New ETF creation has surged in recent years, giving investors the option to choose from a wide range of similar ETFs within each group of competitors. We identify groups of ETFs that can be considered direct competitors and examine the imp…
View article: Family firms and financial analyst activity
Family firms and financial analyst activity Open
This paper examines the relationship between ownership structure, analyst coverage, and forecast error for the entire population of non-financial companies listed on the Swiss Exchange for the period 2003-2013. The results show a negative …
View article: Founding family ownership,stock market returns, and agency problems
Founding family ownership,stock market returns, and agency problems Open
This paper explores the relationship between founding family ownership and stock market returns. Using the entire population of non-financial firms listed on the Swiss stock market for 2003–2013, we find that the stock returns of family fi…