Depuis le déchaînement de la crise, l’organisation des transactions boursières n’a pas vraiment fait l’objet de velléités réformatrices. Pourtant, les opportunités spéculatives, comme les risques encourus dépendent aussi de l’organisation des marchés sur lesquels on opère. La...

We investigate the link between the regulation of control transactions and the institutional and corporate features of public companies, by analyzing the massive delisting activity in the Romanian capital market. The peculiar ownership reforms involving a large number of listed companies offer a...

Open market share repurchases are strictly regulated to prevent companies from profiting from insider information. We examine compliance with these rules in France, where the mandatory disclosure of share repurchases provides detailed information on repurchases actually undertaken. Using a...

This paper considers an international sample of venture capital and private equity funds to assess the role of law, corruption and culture in setting fund manager fees in terms of their fixed management fees, carried interest performance fees, clawbacks of fees and cash versus share...

In this paper, we implement Granger causalty tests using panel data as methodology perfected by Hurlin (2004, 2005) and Hurlin and Venet(2004). We consider the bilateral trade patterns of the European Union with 17 countries over the period 1976-2000. We show that for the whole sample, there are...

On oppose souvent l’interventionnisme étatique français à l’autonomie tarifaire allemande dans l’analyse des systèmes de relations professionnelles. Le rapport au politique des acteurs de cette sphère, notamment telle qu’il émerge d’une comparaison des dynamiques...

In mid-2010, France will open market competition to online gambling and casinos. The market is opening as European law evolves and reacts to the growing number of illegal Internet sites. The ensuing new legal scope targets quality-based competition versus price-oriented competition, especially...

The article is divided as follows: Section 1 is devoted to the budgetary aspects and performance indicators established for judicial justice within the LOLF framework. Section 2 discusses the conditions of the court management from the perspective of the appeal courts and first instance court...

French law mandates that employees of large publicly listed companies be allowed to elect two types of directors to represent employees. First, partially privatized companies must reserve two or three (depending on board size) board seats for directors elected by employees by right of...