The Nestlé crash

Loderer, Claudio; Jacobs, Andreas (1995). The Nestlé crash. Journal of Financial Economics, 37, pp. 315-339. North-Holland

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On November 17, 1988, the board of directors of Nestlé AG decided to allow foreign investors to hold Nestlé registered stock, reversing a longstanding practice. This decision had a tremendous impact on the prices of the firm's three classes of common stock, as well as on the prices of several other corporations traded on the Zürich stock exchange. These price changes can be explained by the hypothesis that demand curves slope down.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Financial Management
03 Faculty of Business, Economics and Social Sciences > Other Institutions > Teaching Staff, Faculty of Business, Economics and Social Sciences

UniBE Contributor:

Loderer, Claudio and Jacobs, Andreas

Subjects:

600 Technology > 650 Management & public relations
300 Social sciences, sociology & anthropology > 330 Economics

ISSN:

0304-405X

Publisher:

North-Holland

Language:

English

Submitter:

Karin Dolder

Date Deposited:

24 Jan 2014 08:59

Last Modified:

10 Aug 2016 08:39

BORIS DOI:

10.7892/boris.39531

URI:

https://boris.unibe.ch/id/eprint/39531

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