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Exploring the Role of Instruments in the Transformation of Logics: The Case of Socially Responsible Investment

Arjaliès, Diane-Laure - HEC Paris (École des Hautes Études Commerciales) - 2014

The purpose of this article is to explore the role of instruments in the transformation of institutional logics and their associated practices at the micro level. Based on an ethnographic study, this article compares two working groups — one responsible for equity and the other for...

Persistent link: https://www.econbiz.de/10011147705

When Organizations Deinstitutionalize Control Practices: A Multiple-Case Study of Budget Abandonment

Becker, Sebastian - HEC Paris (École des Hautes Études Commerciales) - 2015

Drawing on a framework of deinstitutionalization, this study explores the abandonment of budgeting through a multiple-case study of four companies. The findings illustrate how a number of antecedents to deinstitutionalization acted in each setting and show that abandonment was only achieved...

Persistent link: https://www.econbiz.de/10011122611

Differences between domestic accounting standards and IAS: measurement, determinants and implications

Ding, Yuan; Hervé, Stolowy; Hope, Ole-Kristian; … - HEC Paris (École des Hautes Études Commerciales) - 2005

This study analyzes determinants and effects of differences between Domestic Accounting Standards (DSA) and Internationake Accounting Standards (IAS).

Persistent link: https://www.econbiz.de/10005011653

How Internal Transaction costs drive compensation schemes

ROUZIES, Dominique; ANDERSON, Erin; COUGHLAN, Anne T. - HEC Paris (École des Hautes Études Commerciales) - 2004

The literature on chief executive officers (CEOs) established that economics and sociological rationales are both essential to understand the level and structure of CEOs' compensation. Our thesis is that internal "transaction costs" or frictions override strictly economic criteria to determine...

Persistent link: https://www.econbiz.de/10005106606

Levels of voluntary disclosure in IPO prospectuses : an empirical analysis

Jeanjean, Thomas; Cazavan-Jeny, Anne - HEC Paris (École des Hautes Études Commerciales) - 2005

This paper focuses on how forecasts information is disclosed in IPO prospectuses. In France, managers report either detailed forecasts or only a brief summary. We investigate the determinants and consequences of the varying levels of detail provided in these forecasts. Based on a sample of 82...

Persistent link: https://www.econbiz.de/10005011603

Is the luxury industry really a financier’s dream ?

Kapferer, Jean-Noël; Tabatoni, Olivier - HEC Paris (École des Hautes Études Commerciales) - 2010

Although modest in terms of sales, compared to most other sectors, luxury does get a high share of investors', financial analysts’ and media attention. Why would this sector receive a share of attention much bigger than its actual weight? Is it because of its glamourous image, or the...

Persistent link: https://www.econbiz.de/10008672467

Money chasing deals and chasing money - the impact of supply and demand on buyout performance

Gottshalg, Oliver; Zipser, Daniel - HEC Paris (École des Hautes Études Commerciales) - 2006

This paper analyzes the impact of differences in supply of and demand for private equity financing on the performance … buyout performance decreases when large volumes of private equity commitments are looking for suit-able acquisition targets … acquisition prices (and thereby transaction performance) depend on the competition by a limited number of private equity fund …

Persistent link: https://www.econbiz.de/10005011546

The performance of private equity funds

Oliver, Gottschalg; Ludovic, Phalippou - HEC Paris (École des Hautes Études Commerciales) - 2006

living dead investments. After correcting for sample bias and overstated accounting values, average fund performance changes … from slight over performance to substantial underperformance of -3.83% per year with respect to the S&P 500. Assuming a … stunning growth in the amount allocated to this asset class cannot be attributed to genuinely high past performance. They …

Persistent link: https://www.econbiz.de/10005011561

Do scale alliances with competitors improve product performace? A study of the Aircraft industry, 1949-2000

GARRETTE, Bernard; DUSSAUGE, Pierre; CASTANER, Xavier; … - HEC Paris (École des Hautes Études Commerciales) - 2007

This paper investigates the performance impact of undertaking activities through scale alliances with competitors …

Persistent link: https://www.econbiz.de/10005011673

Time-varying incentives in the mutual fund industry

Olivier, Jacque; Tay, Anthony - HEC Paris (École des Hautes Études Commerciales) - 2009

In this paper, the authors provide evidence that the convexity of the flow-performance relationship in the mutual fund …/eliminates the degree of convexity of the flow-performance relationship. The effect of economic activity dominates that of market … explains why mutual fund performance varies with the business cycle. …

Persistent link: https://www.econbiz.de/10008518881