Showing 1 - 10 of 117
theoretical arguments and empirical evidence about relationship between privatization and performance shows that the well …-accepted hypothesis of performance increase after privatization is still much debated. We develop a stakeholder approach of corporate …
Persistent link: https://www.econbiz.de/10005111292
of the corporate governance theory suggests a renewal of the analysis of privatization which is still much debated … of Air France, partially privatized in 1999. The case shows the organizational impacts of privatization, both on the …
Persistent link: https://www.econbiz.de/10005604447
We try to provide an historical approach of the construction process of a corporate governance framework. We expose simultaneously the remarkable stability of themes and the permanence of underlying problems. As a result, the corporate governance framework is still under discussion, and its...
Persistent link: https://www.econbiz.de/10005604444
This paper analyzes the impact of simultaneous increases in piracy (piracy effect) and network externalities (network effect) on R&D investment. A single firm's R&D investment increases (or decreases) if the network effect (or piracy effect) is dominant. With R&D competition, if the firms...
Persistent link: https://www.econbiz.de/10011048826
. A reading of the process of privatization through the corporate governance theory resulted in working out a model making … it possible to take into account, on the one hand, the time dimension of the process of privatization, on the other hand … traditionally to privatizations is not truly confirmed for French privatizations, at least on the horizon considered. Privatization …
Persistent link: https://www.econbiz.de/10005466888
This paper considers the process optimal strategies for an enhanced index tracking problem. The investment goals are set to achieve a higher return than the benchmark by setting the portfolio's risk profile identical to the primary index risk factors. Return differences between the index and the...
Persistent link: https://www.econbiz.de/10010781995
In this paper we generalize the median regression method to be applicable to system of regression equations, in particular SURE models. Giving the existence of proper system wise medians of the residuals from different equations, we apply the weighted median regression with the weights obtained...
Persistent link: https://www.econbiz.de/10010573371
A two-equation integrated model is developed to capture bank profit and risk-avoidance decisions. Output is limited to customer loans. The profit function is based on output and selected inputs. Risk-avoidance (using the capitalization ratio) depends on micro and micro∗macro interactive...
Persistent link: https://www.econbiz.de/10011048764
This paper formulates a duopoly model of firms concerned with relative profits as well as their own profits and investigates the relationship between the degree of competitiveness in a market and R&D expenditure. We find a non-monotone relationship between the two variables. When the duopoly...
Persistent link: https://www.econbiz.de/10010636322
Cet article pose deux questions, l'une relative à la problématique fondamentale du lien entre propriété et performance dans le cas emblématique de la privatisation, l'autre relative à la portée explicative de la théorie de la gouvernance. En reconsidérant le débat traditionnel fondé...
Persistent link: https://www.econbiz.de/10005111286