This paper proposes a new ‘World Volatility Index’, coined WVIX, by constructing the first index that approximates the aggregate volatility level of the G20 countries. The empirical analysis makes use of the factor dynamic conditional correlation model – with an automated methodology to...

The purpose of this paper is to show how a better understanding of the role played by technology in the decision–making process of a business changes our conception of the nature of the firm. According to the role played by technology in decision–making, the author distinguishes five grades...

Since the 1990s’, a relatively ample research has been undertaken regarding the measurement of the volatility of bank earnings over time. The comparison between traditional deposits-loans banking and financial activities is a further specific theme in bank performance research. Few analyses...

Les sociétés immobilières cotées n'ont pas encore fait, en France, l'objet de travaux académiques importants, alors que leurs actifs sous-jacents ont un intérêt économique fondamental parce qu'ils représentent la moitié de la richesse nationale. Cette étude, après avoir construit des...