Showing 1 - 10 of 174
This paper investigates the impact of ownership structure and contractual choices on technical efficiency in the French … ownership regime and contractual practices are key determinants of performances.To test this proposition, we use an original … operators depends on the ownership regime and on the type of contract governing their transactions. …
Persistent link: https://www.econbiz.de/10010750357
ownership concentration does not significantly affect a bank's profitability, a higher ownership concentration is associated …We compare the performance and risk of a sample of 181 large banks from 15 European countries over the 1999-2004 period … and evaluate the impact of alternative ownership models, together with the degree of ownership concentration, on their …
Persistent link: https://www.econbiz.de/10010696615
mechanisms may be misleading. Indeed, we find statistically significant relationships between performance and insider ownership …This paper examines the interrelations among five ownership and board characteristics in a sample of 260 bank and … and managers, are insider ownership, blockholder ownership, the proportion of outside directors, board leadership …
Persistent link: https://www.econbiz.de/10008794749
This paper investigates the robustness of the Solvency Capital Requirement (SCR) when a log-normal reference model is …
Persistent link: https://www.econbiz.de/10009323500
We introduce a new measure of risk appetite in financial markets, based on the cross sectional behavior of excess returns. Turning them into probabilities through a Markov Switching model, we define one global risk appetite measure as the cross-sectional average of the individual probabilities...
Persistent link: https://www.econbiz.de/10011026048
The advent of the future European prudential framework (Solvency II) and, to a lesser extent, of the phase II of the … mean of a very high order VaR : the solvency capital must to be calibrated to control the ruin if the insurer with a … influence the solvency of the company in order to be able to simulate the ruin of the company and finally to estimate the high …
Persistent link: https://www.econbiz.de/10008792465
We present a Cournot model that compares the critical threshold of collusion in Duopoly and Oligopoly Markets where the actors are private, mixed or public. We assume that the incentive critical threshold for collusion depends on the interconnection fees. The different threshold values...
Persistent link: https://www.econbiz.de/10010899868
The Clean Development Mechanism (CDM) of the Kyoto Protocol, aims to minimise the cost of Annex B countries' commitments to reduce emissions, but also to limit the risk that the Developing Countries unquestionable right to develop will offset the Annex B countries efforts: the CDM should promote...
Persistent link: https://www.econbiz.de/10008793240
This study investigates the influence of background diversity of bank board members on performance and risk. Using data …, education level and type) and find significant impacts on bank performance. On the whole, diversity is in general positively … associated with performance except when it relates to ethnicity. It not only reduces performance per se but also increases risk …
Persistent link: https://www.econbiz.de/10010933906
Les circuits courts alimentaires sont réputés plus vertueux d’un point de vue environnemental que les autres circuits de distribution, car ils s’inscrivent généralement dans une échelle géographique restreinte. Cette communication vise à vérifier cette bonne réputation...
Persistent link: https://www.econbiz.de/10010936656