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See detailSottsass, Ettore
Prina, Daniela ULg

in Atkinson, Harriett; Edwards, Clive; Kettley, Sarah (Eds.) et al Encyclopedia of Design (in press)

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See detailInstitutional Investors, Information Asymmetry, Stock Market Liquidity
Sougné, Danielle ULg; Aymen, Ajina; Faten, Lakhal

in International Journal of Managerial Finance (in press), 11

Purpose. The purpose of this study is to examine the effect of institutional investors ownership and activism on information asymmetry and stock market liquidity in France. Design/methodology/approach ... [more ▼]

Purpose. The purpose of this study is to examine the effect of institutional investors ownership and activism on information asymmetry and stock market liquidity in France. Design/methodology/approach. Our sample includes 162 French-listed firms over a period ranging from 2007 to 2009. Our methodology relies on linear regressions using the method of ordinary least square(OLS). Befor examining the interaction between liquidity and institutional investors, we check for the existence of the endogeneity problem by applying the Durbin-Wu_Hausman test of Davidson and MacKinnon (1993). The results of the endogeneity test show that institutional investor ownership and stock liquidity are endogenous. A simultaneous equation model using the second least square method is then tested to address this problem. Findings The findings show that the proportion of institutional investors has a positive and significant effect on stock-market liquidity, which confirms the signal theory and trading hypothesis. These investors perform high trading activity which favourably affect market liquidity. The results suggests that pension funds manage huge assets decreasing transaction costs and improving liquidity. They display a positive signal to the market about more transparency and a low level of information asymmetry.These results highlight the institutional investors'role in defining the level of liquidity of assets on the French market. Our findings also stress the importance of developing institutional investors'demand for the Paris market in order to better assess firms'values, protect minority ownership and improve market liquidity. Originality/Value In the French institutional setting, institutional investors act as a control device since minority shareholder interests are less protected than in Anglo-American counterparts. This result highlights the significant rôle of institional investors in corporate governance structures and a finacila markets. Their prsence is a guarantee for minority interest protection and for improving market liquidity. [less ▲]

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See detailPonti, Gio
Prina, Daniela ULg

in Atkinson, Harriet; Edwards, Clive; Kettley, Sarah (Eds.) et al Encyclopedia of Design (in press)

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See detailDeganello, Paolo
Prina, Daniela ULg

in Atkinson, Harriet; Edwards, Clive; Kettley, Sarah (Eds.) et al Encyclopedia of Design (in press)

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See detailNizzoli, Marcello
Prina, Daniela ULg

in Atkinson, Harriet; Edwards, Clive; Kettley, Sarah (Eds.) et al Encyclopedia of Design (in press)

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See detailPesce, Gaetano
Prina, Daniela ULg

in Atkinson, Harriet; Edwards, Clive; Kettley, Sarah (Eds.) et al Encyclopedia of Design (in press)

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See detailGreek and Latin in the Roman World (100 to 700 AD)
Rochette, Bruno ULg

in Cambridge History of Later Latin Literature (in press)

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See detail(Re)productive Traditions in Ancient Egypt
Gillen, Todd Jonathan ULg

Book published by Presses Universitaires de Liège (in press)

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See detailNarrating tradition: the emergence of the monumental Triumph Scene at Thebes
Gillen, Todd Jonathan ULg

in Gillen, Todd Jonathan (Ed.) (Re)productive Traditions in Ancient Egypt (in press)

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See detailIntroduction: (Re)productive Traditions, Cultural Transmission and Egyptology
Gillen, Todd Jonathan ULg

in Gillen, Todd Jonathan (Ed.) (Re)productive Traditions in Ancient Egypt (in press)

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See detailEquations incomplètes de plans et obstacles à la nécessité épistémique.
Lebeau, Catherine; Schneider, Marguerite ULg

in Recherches en Didactique des Mathématiques (in press), 30(1)

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See detailProblèmes de dénombrement et émergence de premiers modèles fonctionnels
Krysinska; Mercier; Schneider, Marguerite ULg

in Recherches en Didactique des Mathématiques (in press)

See detailCahiers d'Etudes Germaniques : Lecteurs/spectateurs d'Alexander Kluge
Cormann, Grégory ULg; Hamers, Jérémy ULg; Letawe, Céline ULg

Book published by Université de Provence (2015)

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See detailFlexible multibody system modelling: A geometric local frame approach on SE(3)
Sonneville, Valentin ULg

Scientific conference (2015, October 30)

In order to improve computational costs in the frame of flexible multibody system modelling, we propose a geometrically exact framework relying on a local frame description. Thanks to this framework ... [more ▼]

In order to improve computational costs in the frame of flexible multibody system modelling, we propose a geometrically exact framework relying on a local frame description. Thanks to this framework, geometric non-linearities are strongly reduced for two reasons. Firstly, the equations of motion can be solved without introducing a global parametrization of the motion, which also leads to a naturally singularity-free description of large rotations. Secondly, the equations of motion are expressed in a local frame, both at position and rotation level, leading to intrinsic equations. Accordingly, these equations are insensitive to large amplitude motions, such that the geometric non-linearities are naturally filtered. The mathematical developments are carried out in a Lie group setting which, albeit more abstract than classical treatments, provides generic and powerful well established tools. So far, several elements have been formulated in this framework: rigid body, kinematic joints and a flexible beam finite element. A shell finite element and a super-element are also under development. Some interesting numerical advantages are observed following the reduction of geometric non-linearities, e.g., the iteration matrix depends on relative motion within the elements only and is thus invariant under rigid body motions. [less ▲]

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See detailBenedetto Varchi, gli artisti e l'accademia a Firenze
Geremicca, Antonio ULg

Scientific conference (2015, October 29)

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See detailLes visages d'Alain Baczynsky
Englebert, Jérôme ULg; Séguin, Marion

Scientific conference (2015, October 10)

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See detailEspace, temps et angoisse psychotique : à propos d'un cas magistral
Englebert, Jérôme ULg

Scientific conference (2015, October 10)

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See detailOuverture des travaux
Valenti, Gianluca ULg; Miesse, Hélène ULg

Conference (2015, October 01)

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See detailL’institution de la contre-culture
Saint-Amand, Denis ULg

Conference (2015, October)

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