(VF)Cet article étudie l’implication des investisseurs institutionnels, en tant qu’entité hétérogène, dans la gestion de l’entreprise. La connaissance de l’identité de ces institutions (les banques, les fonds de pension et les fonds communs de placement) peut s’avérer utile en...

(VF)Les communautés de pratiques très présentes dans le secteur financier sont peu étudiées en France. Nos résultats montrent que les pratiques d’échanges sont très homogènes d’un réseau à l’autre. Les thèmes abordés permettent d’illustrer la complexité des compétences...

This paper analyzes the relationship between the comparative advantages of bank branches and the trade area environment. Bank branches are points of sale whose trade environment influences their activities and performance. Comparative advantages are defined, for each output mix, by the strict...

This paper aims to add to the literature on the connection between corporate governance and company valuation. Conventional wisdom predicts a positive effect of good governance on stock price, and empirical papers claim to have proven this effect for a number of large emerging markets including...

This paper investigates how combining positions between the board of directors and top-management affects bank profitability. We use 2010 bank-level data from 112 countries. Our results suggest that combining positions reduces both ROE and ROA of banks. However, for banks in developing...

Under the Basel II accord, improving probability of default models is a key risk-management priority. There are four main aspects of this research: suggesting the bank default classification; using a wide time horizon (quarterly Russian banking statistics from 1998 to 2011); investigating the...