Frédéric Teulon

This paper studies the factor of competitive conditions of conventional and Islamic banks operating in the same market in the MENA region. We determine the level of competitiveness between the two types of banks by using the PR-H statistic of Panzar and Ross (1987) and the Lerner index. Our...

This paper examines the link between research and development (R&D) and idiosyncratic volatility for a panel of large French quoted companies. We investigate whether the intensity of R&D investment makes the firm’s stocks riskier. We suggest that R&D activities generate information asymmetry...

The empirical evidence suggests that firms in high-tech industries exhibit high stock return volatility. In this paper, we conceive of the R&D investment intensity as a possible explanation for the stock volatility behavior in these industries. We suggest that R&D activities generate information...

The concept of "Business Model" emerged from the mid 90s with the rise of eCommerce and more generally of the "new economy". The mutations responsible of its development are technological, economic and regulatory. Then, the concept of business model was built by successive additions and...

Technological innovation is not exclusive to great industrial groups. Sometimes, innovative and dynamic companies emerge in high-tech sectors and constitute a serious threat for some industry giants. However, the high reactivity of these small companies is generally impaired by problems of...

This article questions the impact of contest « Challenge Projets d’Entreprendre » on entrepreneurial intention of students, but also its real contribution to the creation of innovative firms as motivation and stimulation factors. The results confirm its role of «awakening» among students,...

Le capital risque industriel (CVC) joue un rôle moteur dans le développement d’innovations technologiques. C’est à la fois un apport en fonds propres ainsi qu’en compétences techniques et stratégiques aux start-up. Mais c’est également une stratégie entrepreneuriale réalisée à...

This paper deals with transition/transmission mechanisms through which world financial market conditions indicators affect real economic growth in the Euro area. The informational content of financial variables for predicting real economic growth is assessed, allowing for asymmetric responses to...

This article examines the performance of incubators from the entrepreneurs’ perspective which have been coached by this sort of structure. The results demonstrate the social utility of incubators in France. In fact, they encourage potential entrepreneurs to both venture creation and to...