Many researchers in management or in history of management often work on best sellers whereas the interest of such books could seem limited. This article tries to explain the reasons of the success. We have studied the historical case of the book of Eugène Léautey and Adolphe Guilbault, La...

We introduce a new measure of herding that allows for tracking dynamics of individual herding. Using a database of nearly 8 million trades by 87,373 retail investors between 1999 and 2006, we show that individual herding is persistent over time and that past performance and the level of...

Cet ouvrage décrit l'organisation d'un marché d'actions et expose les concepts de base de la gestion de portefeuille et des risques : la rentabilité, la volatilité, l'hostilité au risque, les principes et les avantages de la diversification. Il présente les modèles linéaires...

Using exercises and their correction, this book presents fundamentals in portfolio and capital markets theory. The construction is progressive and pedagogical.

The CAPM is generally contested on an empirical basis.The tests conducted with data from financial markets do not generally imply the acceptance of the model as describing correctly the range of expected returns. When regressing returns of individual assets on the market portfolio, R2 are...