The evolution of international alliances has raised the interest of literature on firm’s theory and in terms of the conception and its capacities. Thus, the firm’s evolution is viewed from the technological opportunities and its capacities perspective. In this context, the joint venture is...

Les effets des alliances entre firmes appartenant à des pays d'inégal développement suscitent un intérêt particulier non seulement lié au transfert matériel inhérent des alliances, mais aussi au développement de la capacité d'absorption technologique, et précisément l'analyse de...

Cet article évalue les performances des firmes multinationales dans l’industrie manu- facturière française, et les compare à celles des entreprises uniquement exportatrices et domestiques. Les primes à l’implantation s’avèrent très significatives et dépassent lar- gement les primes...

The possible existence of a link between the structure of firms' equity and profitability is a recurrent question among economists. The primary objective of this article is to provide a critical analysis of the two most recent hypotheses on the subject, one put forward by Demsetz, and the other...

This chapter summarizes recent research on the role of law, culture and corruption on venture capital (VC) fund structure, governance and performance. Evidence from studies that involve a multitude of countries is primarily considered. The evidence across most studies is broadly consistent with...

French accounting values, accounting and reporting system characteristics and the nature of corporate owners and financiers account for the low level of French companies' disclosure. The aim of this paper is to relate the extent of disclosure in the annual reports of a sample of 100 French...

As a stock exchange dedicated to small and medium enterprises (SMEs), the success of the Alternative Investment Market (AIM) has established this segment of the London Stock Exchange as the benchmark, of which the Alternext is considered a flawed copy. This article aims to invalidate this...

We investigate the link between employee ownership and price levels of stocks. Using a comprehensive sample of firms in the Société des Bourses Françaises (SBF) 120 Index from 2000 to 2007, we document a negative correlation between share price levels and employee ownership. This suggests...