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Comparative risk aversion of different preferences
Ruble, Richard - HAL - 2011
An article about Kihlstrom and Mirman about comparative risk aversion with many goods is critiqued. If "more risk averse" is interpreted as signifying that an individual is less willing to accept a median-preserving spread, then risk aversion cannot be compared across individuals with different...
Persistent link: https://www.econbiz.de/10008924873
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The impact of the catering theory and financial firms' characteristics on dividend decisions: the case of the French market
Anouar, Kamal - HAL - 2012
This article investigates the impact that prevailing investor demand for dividend payers and financial firm … profitability and low debt levels, investors' demand for dividend payers has a positive and significant impact on the probability …
Persistent link: https://www.econbiz.de/10010821276
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L'EXCES DE CONFIANCE DES DIRIGEANTS ET LA DECISION DE DISTRIBUTION DE DIVIDENDES : UNE ANALYSE LEXICALE
Anouar, Kamal - HAL - 2013
Cet article propose d'étudier la décision de distribution du dividende sous l'approche des dirigeants surconfiants en … supposer une plus grande propension des dirigeants surconfiants à la distribution du dividende. Les principaux résultats … obtenus montrent que les dirigeants des grandes sociétés cotées en France sont assez confiants lorsqu'il s'agit du dividende …
Persistent link: https://www.econbiz.de/10010821499
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LA PRÉVISION DU BÉNÉFICE COMPTABLE PAR LE DIVIDENDE
Adjaoud, Fodil; Chkir, Imed; Rahman, Abdul - HAL - 2006
que le dividende véhicule de l'information quant aux performances futures des entreprises canadiennes, et ce …
Persistent link: https://www.econbiz.de/10008789060
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GOUVERNANCE FAMILIALE ET REPARTITION DE LA VALEUR : ETUDE DES POLITIQUES DE DISTRIBUTION AUX ACTIONNAIRES DES ENTREPRISES FAMILIALES COTEES
Charlier, Patrice; Boys, Céline Du - HAL - 2009
Cet article analyse le montant et la forme des politiques de distribution des entreprises familiales cotées. Les évolutions récentes de la notion d'entreprise familiale amènent à s'interroger sur les effets de deux types de conflits d'agence, entre actionnaires et dirigeant (type I), et...
Persistent link: https://www.econbiz.de/10008790296
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LA PRÉVISION DU BÉNÉFICE COMPTABLE PAR LE DIVIDENDE
Adjaoud, Fodil; Chkir, Imed; Rahman, Abdul - HAL - 2006
que le dividende véhicule de l'information quant aux performances futures des entreprises canadiennes, et ce …
Persistent link: https://www.econbiz.de/10008792993
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Optimal Student Loans and Graduate Tax under Moral Hazard and Adverse Selection
Gary-Bobo, Robert J.; Trannoy, Alain - HAL - 2014
We characterize the set of second-best optimal "menus" of student-loan contracts in a simple economy with risky labour-market outcomes, adverse selection, moral hazard and risk aversion. The model combines student loans with an elementary optimal income-tax problem. The second-best optima...
Persistent link: https://www.econbiz.de/10010933842
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In search of characterization of the preference for safety under the Choquet model
Cohen, Michèle; Meilijson, Isaac - HAL - 2011
Victor prefers safety more than Ursula if whenever Ursula prefers some constant to some uncertain act, so does Victor. This paradigm, whose Expected Utility version takes the form of Arrow & Pratt's more risk averse concept, will be studied in the Choquet Uncertainty model, letting u and μ (v...
Persistent link: https://www.econbiz.de/10010605324
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Monitoring optimistic agents
Jacquemet, Nicolas; Rullière, Jean-Louis; Vialle, Isabelle - HAL - 2008
Monitoring is typically included in economic models of crime thanks to a probability of detection, constant across individuals. We build on recent results in psychology to argue that comparative optimism deeply affects this standard relation. To this matter, we introduce an experiment involving...
Persistent link: https://www.econbiz.de/10010750633
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More pessimism than greediness: a characterization of monotone risk aversion in the Rank-Dependent Expected Utility model
Chateauneuf, Alain; Cohen, Michèle; Meilijson, Isaac - HAL - 2005
This paper studies monotone risk aversion, the aversion to monotone, meanpreserving increase in risk (Quiggin [21]), in the Rank Dependent Expected Utility (RDEU) model. This model replaces expected utility by another functional, characterized by twofunctions, a utility function u in conjunction...
Persistent link: https://www.econbiz.de/10010750827