We study the impact of political institutions on foreign firms’ choice of their U.S. cross-listing venue. Using two measures of political institutions (an index of political rights and a political constraint index) and controlling for various firm-level and country-level characteristics, we...

The book proposes an original contribution to the economics and finance literature by developing the foundations of corporate finance. It also covers in detail various corporate governance issues faced by organizations. The common treatment of corporate finance and corporate governance started...

Cet article s'intéresse aux effets liés à l'introduction d'un système de modulation des cotisations patronales à l'assurance chômage (ou experience rating) sur le niveau et la structure du chômage par qualification. Nous consruisons pour cela un modèle d'appariement dans lequel...

In this paper, we investigate the effect of a change in childcare subsidies on parental subjective well-being. Starting in 1997, the Canadian province of Québec implemented a generous program providing $5-a-day childcare to children under the age of 5. By 2007, the percentage of children...

This paper studies the impact of an European-like labor market regulation on the return to schooling, equilibrium unemployment and welfare. We show that firing costs and temporary employment have opposite effects on educational choices. We furthermore demonstrate that a laissez faire economy...

We use a household bargaining model to provide a rationale for gender discrimination in pay to disappear. In societies where women have a credible outside option to marriage and have the right to bargain with their future husband over the benefits of their union, the elimination of gender...

The study of risk management began after World War II. Risk management has long been associated with the use of market insurance to protect individuals and companies from various losses associated with accidents. Other forms of risk management, alternatives to market insurance, surfaced during...

This paper shows that a temporary incentive to join the labor market or to work more can also produce substantial life-cycle labor supply effects. On September 1997, a new childcare policy was initiated by the provincial government of Québec, the second most populous province in Canada....

This paper relates unique data on criminal records of local politicians in India to corruption, crime and poverty. Using a regression discontinuity design, whereby individuals living in districts where a criminal politician barely won are compared to individuals living in districts where a...

Effects of a low-fee universal childcare policy, initiated in Québec, the second most populous province in Canada, on the cognitive development of preschool children are estimated with a sample of 4- and 5-year-olds (N=8,875; N=17,154). In 1997, licensed and regulated providers of childcare...