We investigate the analysts timing decisions and the extent to which timing can be a proxy for their ability. We present a model in which forecast accuracy and timing are affected by information uncertainty stemming from (i) the presence of forecast bias and (ii) investors' limited capability to...

In this paper, we examine the main characteristics and evolution along time of the sanctions pronounced by the French Financial Market Authority (AMF) since its creation. We consider an original exhaustive sample of 308 decisions, published on the AMF website over the period 2004-2016. Most of...

This paper studies the price discovery dynamics in an order-driven market. Based on the transaction data on individual stocks, the paper focuses on the study of the monthly evolution of normalized volatility ratios on Euronext Paris for the CAC40 stocks before and after the implementation of the...