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Price Dynamics, financial fragility and aggregate volatility
Mandel, Antoine; Landini, Simone; Gallegati, Mauro; … - HAL - 2013
Within a standard framework à la Arrow-Debreu, we investigate the dynamics emerging from the interactions of heterogeneous households and firms that are adaptive price setters and financially constrained. We show that depending on the stringency of the financial constraints the model can settle...
Persistent link: https://www.econbiz.de/10011025895
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Legal dimensions of international framework agreements in the field of corporate social responsibility
Sobczak, André - HAL - 2007
Entre 2000 et 2007, plus de 50 accords-cadres internationaux (ACI) sur la responsabilité sociale des entreprises (RSE) ont été négociés entre des entreprises multinationales et des fédérations syndicales internationales pour définir des normes sociales pour les salariés de ces...
Persistent link: https://www.econbiz.de/10010899000
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Credit and recessions
Coricelli, Fabrizio; Roland, Isabelle - HAL - 2010
The paper develops a simple model on the asymmetric role of credit markets in output fluctuations. When credit markets are underdeveloped and enterprise activity is financed by trade credit, shocks may induce a break-up of credit and production chains, leading to sudden and sharp contractions....
Persistent link: https://www.econbiz.de/10010549101
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The relationship between trade credit, bank credit and financial structure : from firm-level non-linearities to financial development heterogeneity. A study on MENA firm-level data
Couppey-Soubeyran, Jézabel; Héricourt, Jérôme - HAL - 2011
Using a database of more than 1,100 firms in the MENA region, this article looks at the determinants of demand for trade credit, particularly access to bank credit, size, age and the quality of the firm's financial structure. We show that the difficulty of gaining acces to bank credit positively...
Persistent link: https://www.econbiz.de/10010605305
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The Impact of Financial Development on the Relationship between Trade Credit, Bank Credit and Firm Characteristics
Couppey-Soubeyran, Jézabel; Héricourt, Jérôme - HAL - 2013
Using a database of more than 1,300 firms from six countries in the MENA region, we study the impact of financial development on the relationship between trade credit on the one hand and bank credit access and firm-level characteristics, especially financial health, on the other hand. Trade...
Persistent link: https://www.econbiz.de/10011025997
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Does debt affect profitability? An empirical study of French trade sector
Kebewar, Mazen - HAL - 2013
This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … 2006. By using the generalized method of moments (GMM), we show that the debt affects negatively the profitability, not …
Persistent link: https://www.econbiz.de/10010755513
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The effect of debt on corporate profitability Evidence from French service sector
Kebewar, Mazen; Noaman, Ahmed Shah Syed Muhammad - HAL - 2013
Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no … effect on corporate profitability, regardless of the size of company (VSEs, SMEs or LEs). …
Persistent link: https://www.econbiz.de/10010899356
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Chartering practices in liner shipping
Cariou, Pierre; Wolff, François-Charles - HAL - 2012
the extent of such chartering practices, the characteristics of vessels chartered and if an impact on liner profitability … whether the chartering rate and the size of these 17 liner companies have had an influence on their observed profitability in … 2007, 2008 and 2009. Our results suggest that those variables impact profitability, but in variable ways over time. …
Persistent link: https://www.econbiz.de/10010593615
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La structure du capital et la profitabilité : Une étude empirique sur données de panel françaises
Kebewar, Mazen - HAL - 2012
L'objectif de cet article est d'analyser l'impact de la structure du capital sur la profitabilité. Cet impact peut être expliqué par trois théories essentielles: la théorie du signal, l'influence de la fiscalité et la théorie de l'agence. Nous montrons, à partir d'un échantillon de 9136...
Persistent link: https://www.econbiz.de/10010618158
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La structure du capital et la profitabilité : Une étude empirique sur données de panel françaises
Kebewar, Mazen - HAL - 2013
The objective of this article is to analyze the impact of capital structure on profitability. This impact can be … structure on profitability. The empirical analysis allowed us to distinguish three different groups of sectors: for the first … group (industry, energy and service), the capital structure has no impact on profitability. The second group, containing …
Persistent link: https://www.econbiz.de/10010821251