Three essays in corporate finance.

Summary Investors do not always take advantage of all available information when making decisions, due to both information overload and limited cognitive abilities. The first test of this thesis shows that companies take advantage of investors' inattention by communicating more or less in advance the date on which earnings announcements will take place. Positive results are notified well in advance, while disappointing results are subject to a shorter notification period. The second essay deals with the international visibility of companies and investigates the impact of communicating in English via wide distribution channels. This wider dissemination increases investor attention and the information contained in earnings announcements is more quickly incorporated into the stock price. The third essay discusses the consequences of increased corporate visibility on investment policy. Broader dissemination of financial information improves both the informational environment of companies and the effectiveness of their investment policy.