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

The aim of this paper is to understand and analyze the evolutions of the spin-off process in French large companies based on its practice in ten of them. Through this work, we propose a first modelling of this practice. Spin-off is for us a multiform phenomenon which relates to three types of...

Corporate social responsibility and ethics are part of business governance today and represents new ways of market adjustment for companies in quest of legitimacy in an uncertain environment. Tools such as codes of conduct or charts aim at clarifying business activities. However, in spite of...

The rise of the concept of CSR can be understood as an answer to the evolution of our societies towards weakened social bonds and lack of trust. The implementation of a CSR policy is strongly linked with HR practices. The HR function plays a major role in the new understanding of HR...

Affirmative action arose from the fight for the civic rights in the 1960s.. However the ethnic quota in the American higher education were questioned in 1978 (Bakke) by a decision of the Supreme Court which incited universities to promote diversity, but w

In all the defensive measures against takeover bids, those based on rules limiting voting rights are generally cited as the most effective. Ironically, the supposed efficacy seems to have never been tested or modeled. This is precisely the subject of our article that focuses in terms of...

The current paper studies the impact of board gender-diversity on firm risk-taking in a developing market. Our study is drawn on a sample of 30 Tunisian listed firms between 1997 and 2010. First, we found that women have a risk perception that leads to a risk avoidance behavior: the presence of...

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...

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...