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In search of an alternative to shareholder value maximization
Giraud, Gaël; Renouard, Cécile - HAL - 2011
This paper argues that mainstream economic the- ory, far from providing an indisputable plea in favor of shareholder value-maximization, o ers striking arguments showing quite the opposite: pro t maximization cannot be a legitimate prioritar- ian goal for private rms. This opens the door for a...
Persistent link: https://www.econbiz.de/10009207103
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What future for codetermination and corporate governance in Germany?
Boyer, Robert - HAL - 2005
Contrary to the prognosis derived from the variety of capitalism literature, since the mid-90s the significant restructuring of large German corporations in the direction of shareholder value seems to have been compatible with the persistence of a genuine configuration of industrial relations,...
Persistent link: https://www.econbiz.de/10010739104
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In search of an alternative to shareholder value maximization
Giraud, Gaël; Renouard, Cécile - HAL - 2011
This paper argues that mainstream economic theory, far from providing an indisputable plea in favor of shareholder value-maximization, offers striking arguments showing quite the opposite : profit-maximization cannot be a legitimate goal for private firms. This opens the door for a widening of a...
Persistent link: https://www.econbiz.de/10011025817
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The Governance and disclosure of the Firm as an Enterprise Entity
Biondi, Yuri - HAL - 2009
Recent financial crises and scandals have focused attention on the system of governance and disclosure in a way many may never have imagined and few welcomed. Not only do reforms appear to be necessary to protect shareholders as well as other stakeholders, but also to develop a different...
Persistent link: https://www.econbiz.de/10008790526
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Quantitative selection of hedge funds using data envelopment analysis
Nguyen-Thi-Thanh, Huyen - HAL - 2006
. I showedthat DEA can be a good tailor-made decision-making tool to assistinvestors in selecting funds that correspond …
Persistent link: https://www.econbiz.de/10008791478
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Hedge fund behavior: An ex-post analysis
Nguyen-Thi-Thanh, Huyen - HAL - 2004
This paper aims to analyze hedge fund index behavior over the 9-year period ranging from January 1994 to December 2002 with help of various statistical measures. The results indicate that hedge fund returns are not normally distributed and exhibit first order autocorrelation, a phenomenon known...
Persistent link: https://www.econbiz.de/10008793593
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The Possibility of a Welfare Policy in a World of Emotion-Driven Individuals: A Humean Point of View
Lapidus, André - HAL - 2011
Based on Hume's major philosophical works and on some of his Essays, this paper discusses formally the feasibility, from a Humean point of view, of a welfare policy which would aim at promoting the highest individual happiness whereas individual decisions, like individual happiness, are...
Persistent link: https://www.econbiz.de/10009226838
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Decision theory under uncertainty
Etner, Johanna; Jeleva, Meglena; Tallon, Jean-Marc - HAL - 2009
We review recent advances in the field of decision making under uncertainty or ambiguity. …
Persistent link: https://www.econbiz.de/10010738626
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Decision Making with Imprecise Probabilistic Information
Gajdos, Thibault; Tallon, Jean-Marc; Vergnaud, … - HAL - 2004
We develop an axiomatic approach to decision under uncertainty that explicitly takes into account the information … available to the decision maker. The information is described by a set of priors and a reference prior. We define a notion of … imprecision for this informational setting and show that a decision maker who is averse to information imprecision maximizes the …
Persistent link: https://www.econbiz.de/10010750380
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A study of the dynamic of influence through differential equations
Maruani, Emmanuel; Grabisch, Michel; Rusinowska, Agnieszka - HAL - 2012
agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may be …
Persistent link: https://www.econbiz.de/10011025754