Renneboog, Luc; Angenandt, P.P.; Goergen, M. - Tilburg University, Center for Economic Research - 2005
This paper unveils the diversity in lock-in agreements of firms listed on the Nouveau Marche stock exchange in France.We give the main economic reasons why shareholders adopt lock-in agreements that are more stringent than legally required.We relate the abnormal returns and the abnormal volume...