The cost of equity capital is traditionally considered as an increasing function of the estimation risk – the risk of error regarding the distribution of a firm’s future cash flows (FCF). Under international GAAPs, IAS 36 “Impairment of assets” -based information disclosure conveys...

The AFEP-MEDEF corporate governance code amended in 2013 introduces the say on pay principle, which grants shareholders the right to vote on executive remuneration at annual general meetings. This paper aims at reviewing the studies undertaken in countries that have established this principle...

Face à la montée en puissance des actionnaires individuels et la progression du « capitalisme financier », les entreprises françaises sont amenées à adapter leurs stratégies de communication. Dans son rapport de 1999, la COB a constaté des améliorations dans la qualité de la...

Cette étude s'est intéressée aux pratiques des groupes français en matière de reconnaissance comptable des éléments incorporels acquis lors de regroupements d'entreprises et à l'impact de celles-ci sur le marché financier. La démarche de validation empirique a porté sur un...

We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment separately) differs in French, German and U.S. manufacturing, and has changed since the 1974–75 crisis. We use three consistent panel data samples of large firms for 1970–79, and...

Understanding the changes that occur in employment patterns as people grow older and the paths they take from employment to retirement may help to apprehend the factors that encourage or discourage employment retention. The aims of this paper are to analyse the process leading up to retirement...

Career Interruptions of Seniors and Impact on the Pension Benefits - Abstract - The diversity of working life has an impact on retirement age and the pension benefits. Employment breaks like unemployment or parental leave will reduce earnings and pension benefits in the future. This paper...