Narrow search
Showing 1 - 10 of 88
Cover Image
Why firms listed on an unregulated financial market comply voluntarily with IFRS: An empirical analysis with French data
Bessieux-Ollier, Corinne; Walliser, Elisabeth - HAL - 2012
This study examines the determinants of voluntary adoption of IFRS by French companies listed on an unregulated financial market. These firms can choose IFRS or the French accounting standards to present their accounts. We analyze the annual reports of 85 French firms listed in 2010 on an...
Persistent link: https://www.econbiz.de/10010899029
Cover Image
Optimal Preventive Bank Supervision: Combining Random Audits and Continuous Intervention
Belhaj, Mohamed; Klimenko, Nataliya - HAL - 2012
Early regulator interventions into problem banks is one of the key suggestions of Basel II. However, no guidance is given on their design. To fill this gap, we outline an incentive-based preventive supervision strategy that eliminates bad asset management in banks. Two supervision techniques are...
Persistent link: https://www.econbiz.de/10010933829
Cover Image
Piecework versus merit pay: a Mean Fi eld Game approach to academic behavior
Besancenot, Damien; Courtault, Jean-Michel; Dika, Khaled El - HAL - 2011
This paper applies the Mean Fi eld Game approach pioneered by Lasry and Lions (2007) to the analysis of the researchers' academic productivity. It provides a theoretical motivation for the stability of the universaly observed Lotka's law. It shows that a remuneration scheme taking into account...
Persistent link: https://www.econbiz.de/10010929096
Cover Image
IPPP - Risks and opportunities An economic perspective
Brux, Julie De; Marty, Frédéric - HAL - 2014
This article analyzes some of the issues raised by institutionalized public-private partnerships in an economic perspective. We demonstrate that although they may address some of the main limits of purely contractual public-private partnerships, such as the issues of control, know-how transfer,...
Persistent link: https://www.econbiz.de/10010930091
Cover Image
Incentives from stock option grants: a behavioral approach
Bahaji, Hamza - HAL - 2011
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …, the model predicts that incentives are maximized for strike prices set around the stock price at inception. This finding … accommodating their existence. The paper also examines the relationship between risk taking incentives and stock options and finds …
Persistent link: https://www.econbiz.de/10010538937
Cover Image
EMPLOYEE STOCK OPTIONS INCENTIVE EFFECTS: A CPT-BASED MODEL
Bahaji, Hamza - HAL - 2011
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …, the model predicts that incentives are maximized for strike prices set around the stock price at inception. This finding …
Persistent link: https://www.econbiz.de/10010538938
Cover Image
Incentives from stock option grants: a behavioral approach
Bahaji, Hamza - HAL - 2011
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting … incentives are maximized for strike prices set around the stock price at inception. This finding is consistent with companies … examines the relationship between risk taking incentives and stock options and finds that an executive who is subject to …
Persistent link: https://www.econbiz.de/10010539641
Cover Image
EMPLOYEE STOCK OPTIONS INCENTIVE EFFECTS: A CPT-BASED MODEL
Bahaji, Hamza - HAL - 2011
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …, the model predicts that incentives are maximized for strike prices set around the stock price at inception. This finding …
Persistent link: https://www.econbiz.de/10009295308
Cover Image
The Economics of Recycling In France: Institutional Framework And Technological Adoption
Godard, Olivier; Defeuilley, Christophe - HAL - 1997
. Nevertheless, this optimal utilisation is lessened by weak or even negative incentives which may lead to a sub-optimal equilibrium …
Persistent link: https://www.econbiz.de/10009372638
Cover Image
Self-selection and the Efficiency of Tournaments
Eriksson, Tor; Teyssier, Sabrina; Villeval, Marie Claire - HAL - 2009
The literature has shown that the overall efficiency of exogenously imposed tournaments is reduced by a high variance in performance. This paper reports results from an experiment analyzing whether allowing subjects to self-select into different payment schemes is reducing the variability of...
Persistent link: https://www.econbiz.de/10009401083