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Cet article analyse un système de compensation mis en œuvre dans une grande entreprise multinationale au niveau de ses centres de profit. Le système de compensation étudié est inspiré de l'EVAâ. Un tel système a deux caractéristiques importantes : il repose sur un standard externe...

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We study a principal-agent model in which the agent can provide ex post additional relevant information regarding his performance. In particular, he can provide a legitimate excuse, that is, evidence that a poor result is only due to factors outside his control. However, building a convincing...

Competitiveness and carbon leakage are major concerns for the design of CO2 emissions permits markets. In absence of a global carbon tax and of border carbon adjustments, output based allocation is a third best solution and is actually implemented (Australia, California, New Zealand). The EU has...

Over the past decade, the debate on climate change has dramatically shifted. The strong evidence presented by the scientific community through the Intergovernmental Panel on Climate Change (IPCC) process established by the United Nations Environment Program (UNEP) and the World Meteorological...

La création de valeur a été considérée comme l'innovation managériale majeure des années 2000 : couplage des rémunérations des dirigeants sur la valeur boursière, introduction de nouveaux indicateurs de performance axés sur la performance actionnariale, influence croissante des...

investors and companies are increasingly aware that climate change and its associated needs for reducing CO2 emissions are likely to impact structurally many areas of the economy. This paper offers a contribution to understand these impacts on companies' strategy, by studying management systems....

Cet article précise la nature des liens entre RSE et performance financière en dégageant trois axes majeurs pour une réflexion future: (1) l'inscription durable de la RSE dans le système de valeurs des entreprises, (2) les conditions d'une validation empirique d'un lien entre la stratégie...