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Giulia Pavan (Toulouse School of Economics)
Atria Mercure Compans Caffarelli, Toulouse, France, 2019
Richard Green (Imperial College London)
Frank Wolak (Stanford University)
Louis-Gaëtan Giraudet (CIRED, Ecole des Ponts ParisTech)
William Goetzmann, David Le Bris et Sébastien Pouget
vol. 132, n° 1, 2019, p. 248–265
We study asset pricing over the longue durée using share prices and net dividends from the Bazacle company of Toulouse, the earliest documented shareholding corpo- ration. The data extend from the firm's foundation in 1372 to its nationalization in 1946. We find an average dividend yield of 5% per...
Bert Willems (CentER and TILEC, Tilburg University;Toulouse School of Economics)
Reyer Gerlagh (Tilburg University)
Stefan Lamp (Toulouse School of Economics)
René Aïd (Université Paris Dauphine)
Liliane Bonnal, Pascal Favard et Kady Marie-Danielle Sorho-Body
vol. 40, n° 4, 2019, p. 591–615