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Whistleblowers in the pharmaceutical industry: tragic hero, black sheep or alter ego ?

Chakroun, Ridha; Teulon, Frédéric - Institut de Préparation à l'Administration et à la … - 2014

Whistleblowing is the practice of disclosing, by an employee, illegal misconduct and moral wrong doing in business. A transdisciplinary approach of whistleblowing allows better understanding of its causes and consequences. Therefore, a thorough analysis of the most common deviancies is...

Persistent link: https://www.econbiz.de/10010860480

Do shareholders really own the firm?

BOYER, Tristan - Institut de Préparation à l'Administration et à la … - 2014

The object of this contribution is to address the question of the ownership of the firm. Both law and economics shape representations of the world: law focuses on rules and justice; economics focuses on efficiency and allocation. They describe common situations and "objects'' such as firms and...

Persistent link: https://www.econbiz.de/10010860491

Risk management and Organizational Communication: Two Cases in the Pharmaceutical Industry

Marceau, Guillaume - Institut de Préparation à l'Administration et à la … - 2014

In this article, we propose an organizational communication oriented approach to Risk Management. The business domain studied here is the pharmaceutical industry, which has a high sensitivity to communication. Through two examples, we show how and in which context risk management can be an...

Persistent link: https://www.econbiz.de/10010891052

Linear voting rule limitation strategy to reduce the power of a unique new comer in a firm's capital

Teulon, Frédéric; Moschetto, Bruno-Laurent - Institut de Préparation à l'Administration et à la … - 2013

In all the defensive measures against takeover bids, those based on rules limiting voting rights are generally cited as … subject of our article that focuses in terms of theoretical performance and limitations of the anti-takeover linear limitation … effectively counter any hostile takeover, this result is generally obtained with a setting that sends a wrong signal to the market …

Persistent link: https://www.econbiz.de/10010860450

Does Board Gender Diversity Make a Difference? New Evidence from Quantile Regression Analysis

Dang, Rey; Nguyen, Duc Khuong - Institut de Préparation à l'Administration et à la … - 2014

The under-representation of female directors in the boardroom where corporate strategic decisions are made has recently become not only an ethical business case but also a public pressure to improve this gender imbalance. While there is some practical evidence to suggest that gender-diverse...

Persistent link: https://www.econbiz.de/10010860487

Activism of Institutional Investors, Corporate Governance Alerts and Financial Performance

Lantz, Jean-Sebastien; Montandrau, Sophie; Sahut, … - Institut de Préparation à l'Administration et à la … - 2014

Institutional investors are predominant on the financial markets and are becoming more active in their portfolio management. This article attempts to enhance our understanding of the incidence of shareholder activism on market reaction in the wake of seve

Persistent link: https://www.econbiz.de/10010860518

Main Drivers of LBO in Asia

Sannajust, Aurélie; Khamlichi, Abdelbari El - Institut de Préparation à l'Administration et à la … - 2014

We extend the research on private equity by studying the drivers of LBO operating performance in Asia. We consider a large set of candidate drivers (financial, governance, macroeconomic, cultural, microeconomic and industry variables) and study their effects on performance over the short- and...

Persistent link: https://www.econbiz.de/10010929405

Excess control, agency costs and the probability of going private in France

Belkhir, Mohamed; Boubaker, Sabri; Rouatbi, Wael - Institut de Préparation à l'Administration et à la … - 2014

, which reduces the benefits of staying public and encourages the LCSs to take their firms private or accept takeover offers … interest tax shields, low growth opportunities, and pre-GP takeover interest do not seem to affect the probability of GP. …

Persistent link: https://www.econbiz.de/10010930518

Motivations of Public to Private transactions: An international empirical investigation

Sannajust, Aurélie; Arouri, Mohamed; Teulon, Frédéric - Institut de Préparation à l'Administration et à la … - 2014

, incentive realignment, control, free cash-flow, growth of prospects, takeover defense and undervaluation. Our empirical findings …

Persistent link: https://www.econbiz.de/10010754731

Fund Managers Fees: Estimation and Sensitivity Analysis Using Monte Carlo Simulation

Najar, Dorra - Institut de Préparation à l'Administration et à la … - 2014

Fund managers compensation is a particular problem area in terms of its tax treatment in the United States and some European countries. This problem originates in the difficulty of defining these particular forms of incentive and therefore their estimated fair value. Based on the literature,...

Persistent link: https://www.econbiz.de/10010754789