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It can be stated that, in France, a conventionality and a form of complacency probably stemmed from the standardization process. As a consequence, independent research has tended so far to concentrate more on fields that do not reside within the confines of the works of the standard-setting...
Persistent link: https://www.econbiz.de/10010706545
functional distance and operational proximity are positively associated with the investment-cash flow sensitivity, considered as …
Persistent link: https://www.econbiz.de/10010707208
French data suggest that (i) increased functional distance induces an increase of the investment cash flow sensitivity … constraints is non linear with an investment-cash flow relationship supposed to be increasing for low levels of operational …
Persistent link: https://www.econbiz.de/10010707600
The objective of this paper is to understand how and why companies implement corporate social responsability policies when they build a new plant. The paper is based on three case studies.
Persistent link: https://www.econbiz.de/10011072753
We examine the relation between cash holdings, quality of governance and financial constraints. We find that firms with strong shareholder rights hold more cash, contrary to the predictions of agency theory. This result is partly due to the positive correlation that exists between governance...
Persistent link: https://www.econbiz.de/10010708333
We explore which financial constraints matter the most in the choice of becoming an entrepreneur. We consider a randomly assigned welfare program in rural Mexico and show that cash transfers signi cantly increase entry into entrepreneurship. We then exploit the cross-household variation in the...
Persistent link: https://www.econbiz.de/10011166491
Mutual funds industry has been sought by French politicians as mediation between the popular savings and company’s investments through the financial markets. Questioning the link between finance and industry requires analyzing the effectiveness of this mediation. This article intends firstly...
Persistent link: https://www.econbiz.de/10011199615
This paper addresses investment procedures as a mediating instrument (Miller & O’Leary, 2007). We bring to light how …; Phillips & Hardy, 2002; Phillips, Lawrence & Hardy, 2004). Using a content analysis of an investment procedure conducted in … institutionalisation of investment ideals (e.g. competitiveness, value creation) into normative roles. We show that the texts of investment …
Persistent link: https://www.econbiz.de/10010706892
In this paper, we provide a new empirical analysis of the dynamic portfolio decisions of households by simultaneously considering their stock market participation and home tenure choices. There is already a huge body of literature on housing status (own/rent) decisions and many contributions...
Persistent link: https://www.econbiz.de/10010706895
as possible linear pricing rules and can be used to determine the investment opportunities available in such an economy …
Persistent link: https://www.econbiz.de/10010706980