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Is the rebound effect or Jevons paradox a useful concept for better management of water resources? Insights from the Irrigation Modernisation Process in Spain
Dumont, Aurélien; Mayor, Beatriz; López-Gunn, Elena - HAL - 2013
Improving the efficiency of water use is usually presented as an opportunity for large water savings, particularly in … rush for efficiency gains. This article, based on the energy sector, shows that the concept helps to identify possible … unintended consequences of increasing efficiency and shows how efficiency gains are shared in society. However, it might be …
Persistent link: https://www.econbiz.de/10010898730
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Taxation and the international strategy of Japanese multinational enterprises
Azemar, Céline; Corcos, Grégory; Delios, Andrew - HAL - 2006
This paper analyzes the effect of statutory tax rates on the location of Japanese capital in emerging countries. Considering the fact that the difference between Japan and foreign tax rates can engender transfer pricing manipulation to diminish tax liabilities, and that some firms are more able...
Persistent link: https://www.econbiz.de/10010929092
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The setting of a coalition contract between controlling shareholder, managers and employees: How to mix incentive and political logics?
Bruslerie, Hubert De La - HAL - 2011
The leveraging of control is the possibility for the controlling shareholder to lower her direct participation in capital through a convergence of financial and economic interest with other shareholders or would-be shareholders in the firm. In this paper, the setting of a coalition contract is...
Persistent link: https://www.econbiz.de/10009650748
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Ownership concentration and firm performance: Evidence from an emerging market
Grosfeld, Irena - HAL - 2006
The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern about the opportunistic managerial behavior. The growing importance of knowledge and human capital in the operation of firms shifts the focus of concern: excessive ownership...
Persistent link: https://www.econbiz.de/10010738833
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Large shareholders and firm value: Are high-tech firms different?
Grosfeld, Irena - HAL - 2009
, the results of the estimation of a simultaneous equations system give support to the hypothesis that strong monitoring and …
Persistent link: https://www.econbiz.de/10010738964
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Seasoned equity issues in a closely held market: evidence from France
Ginglinger, Edith; Gajewski, Jean-François - HAL - 2002
This paper examines seasoned equity offerings in France. Even though a rightsoffering is the primary flotation method, French companies are increasingly using therelatively expensive public offering method. We show that the market reaction to theannouncement of seasoned equity issues is...
Persistent link: https://www.econbiz.de/10008791448
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Disclosure and minority expropriation: A study of French listed firms
Chiraz, Ben Ali - HAL - 2009
In this paper we examine the influence of minority expropriation on disclosure level in France where shareholders are poorly protected and the main agency problem is the one between controlling and minority shareholders (type II conflict) while prior studies have been undertaken in the United...
Persistent link: https://www.econbiz.de/10008793309
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Board structure, Ownership structure, and Firm performance : Evidence from Banking
Belkhir, Mohamed - HAL - 2006
This paper examines the interrelations among five ownership and board characteristics in a sample of 260 bank and … managers and shareholders. These findings suggest that cross-sectional OLS regressions of bank performance on single governance …
Persistent link: https://www.econbiz.de/10008794749
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Taxation and the international strategy of Japanese multinational enterprises
Azemar, Céline; Corcos, Grégory; Delios, Andrew - HAL - 2006
This paper analyzes the effect of statutory tax rates on the location of Japanese capital in emerging countries. Considering the fact that the difference between Japan and foreign tax rates can engender transfer pricing manipulation to diminish tax liabilities, and that some firms are more able...
Persistent link: https://www.econbiz.de/10011025530
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BANCOS FUSIONADOS ¿MÁS EFICIENTES?
Ferro, Gustavo; León, Sonia; Romero, Carlos A. - HAL - 2014
Se miden las ganancias potenciales de eficiencia de cinco fusiones de bancos, producidas entre 2005 y 2011, analizándolas con la metodología de análisis envolvente de datos. Dadas las divergencias entre modelos de rendimientos constantes y variables, se testean rendimientos para discernir...
Persistent link: https://www.econbiz.de/10010930238