Elective affinity seems to link reform of retirement, development of long-term investments and SRI next decades. They so suggest the possibility of an endogenous evolution of financial capitalism which would become more favourable to a long term perspective, without departing from the principle...

This article considers an international sample of venture capital and private equity funds to assess the role of law, corruption, and culture in setting fund manager fees. With better legal conditions, fixed fees are lower, carried interest fees are higher, clawbacks are less likely, and share...

This paper considers an international sample of venture capital and private equity funds to assess the role of law, corruption and culture in setting fund manager fees in terms of their fixed management fees, carried interest performance fees, clawbacks of fees and cash versus share...

Au Việt Nam, comme dans beaucoup de PED, le travail est la principale source de revenus des ménages. Les niveaux de vie sont ainsi conditionnés par le mode d’insertion des individus sur le marché du travail. Par ailleurs, une grande partie des « chocs » macro-économiques (comme ceux...

This paper argues that random audit programs provide income taxpayers with information that alters their perceptions of, and hence their behavioral responses to, audits. Comparing samples of randomly selected audited and non-audited UK taxpayers, the evidence confirms predictions that audited...

In this paper we focus on the effects of investigations on tax compliance. Results from empirical studies suggest that the effects of audits are not only in terms of recovered unpaid tax (direct effects), but there are also indirect effects in terms of future better compliance in the rest of the...

La dégradation du marché du travail, importante en Europe, plus récente aux Etats-Unis, n’est ni purement conjoncturelle, ni propre aux seules économies développées. Des mouvements contrastés affectent au Nord comme au Sud les salaires et les emplois, en nombre et en qualité. Les...

French retirees benefit from specific taxation decreases. These tax exemptions imply considerable public tax expenditures that may be unjustifiable in terms of equity. In this article, we examine the adequacy of tax arrangements for French retirees in the current context of public pension...