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Invention and transfer of climate change-mitigation technologies: A global analysis

Dechezleprêtre, Antoine; Glachant, Matthieu; Hascic, Ivan - HAL - 2011

This article uses the European Patent Office Worldwide Patent Statistical Database to examine the geographic distribution and global diffusion of inventions in thirteen climate-mitigation technologies since 1978. The data suggest that until 1990 innovation was driven mostly by energy prices....

Persistent link: https://www.econbiz.de/10008792117

Entry mode choice and target firm selection: private and collective incentive analysis

Zhao, Kai - HAL - 2011

The purpose of this paper is to formalize the choices of market entry strategy (Export Vs Greenﬁeld investment Vs Cross … export credible threats. If greenﬁeld FDI is viable, entering ﬁrm prefers acquiring the low-productivity ﬁrm, when the …, there is always the ambiguity between the foreign ﬁrm's preference and the government's judgment. If export entry option is …

Persistent link: https://www.econbiz.de/10010899386

Intra-firm and arm's length trade: how distance matters?

Bombarda, Pamela - HAL - 2011

Multinational and exporting firms play a key role in trade patterns. To highlight the importance of intra-firm trade in share of world trade, this paper develops a model of trade and intra-firm trade with heterogeneous firms. In this set up, trade costs apply to both exports and multinational...

Persistent link: https://www.econbiz.de/10010899726

Think Global, invest responsible: why the private equity industry goes green

Crifo, Patricia; Forget, Vanina - HAL - 2012

The growth of socially responsible investment on public financial markets has drawn considerable academic attention over the last decade. Discarding from previous literature, this paper sets up to analyze the Private Equity channel, which is shown to have the potentiality to foster sustainable...

Persistent link: https://www.econbiz.de/10009650054

FDI and credit constraints : firm level evidence in China

Héricourt, Jérôme; Poncet, Sandra - HAL - 2007

In this paper, we analyze whether incoming foreign investment in China plays an important role in alleviating domestic firms' credit constraints. Access to external finance is a crucial determinant of business expansion. Using firm-level data on 2,200 domestic companies for the period 1999-2002,...

Persistent link: https://www.econbiz.de/10010750475

Neural Networks and their application in the fields of corporate finance

Severin, Eric - HAL - 2008

This article deals with the usefulness of neuronal networks in the area of corporate finance. Firstly, we highlight the initial applications of neural networks. One can distinguish two main types: layer networks and self organizing maps. As Altman al. (1994) underlined, the use of layer networks...

Persistent link: https://www.econbiz.de/10010750970

FDI and credit constraints: firm level evidence from China

Poncet, Sandra; Héricourt, Jérôme - HAL - 2009

In this paper, we assess the success of the ongoing financial system reforms in China by investigating the extent to which firms are financially constrained. We focus on the role played by Foreign Direct Investment (FDI) in funding the Chinese corporate sector, and analyze whether incoming...

Persistent link: https://www.econbiz.de/10011025983

Mini-perm Structures in PPP Contracts: Risks and Opportunities

Dupas, Nicolas; Marty, Frédéric; Voisin, Arnaud - HAL - 2011

Prior to the 2008 financial crisis, the economic model of PPPs benefited from a very favorable environment in terms of credit availability and cost. The high level of liquidity in financial markets allowed rising abundant and not expensive external resources, because of both the low level of...

Persistent link: https://www.econbiz.de/10010541078

Extreme Value at Risk and Expected Shortfall during Financial Crisis

Kourouma, L.; Dupre, D.; Sanfilippo, G.; Taramasco, O. - HAL - 2011

This paper investigates Value at Risk and Expected Shortfall for CAC 40, S&P 500, Wheat and Crude Oil indexes during the 2008 financial crisis. We show an underestimation of the risk of loss for the unconditional VaR models as compared with the conditional models. This underestimation is...

Persistent link: https://www.econbiz.de/10009399186

Continuous time regime switching model applied to foreign exchange rate.

Goutte, Stéphane; Zou, Benteng - HAL - 2012

Modified Cox-Ingersoll-Ross model is employed, combining with Hamilton (1989) type Markov regime switching framework, to study foreign exchange rates, where all parameter values depend on the value of a continuous time Markov chain. Basing on real data of some foreign exchange rates, the...

Persistent link: https://www.econbiz.de/10009422114