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After Modigliani, Miller and Hamada; A New Way to Estimate Cost of Capital? (Après Modigliani, Miller et Hamada : une nouvelle façon d’estimer le coût du capital?)

Clere, Roland - 2017

English Abstract: In this article we discuss the impact of financial debt on shareholder value using a new approach that aims: i) to explain the effect that leverage from debt has on a stock's systematic risk, or what we shall call here “the systematic cost of leverage,” and ii) to account...

Persistent link: https://www.econbiz.de/10012967463

Risque De Défaut Et Valeur Des Actions : Grand Oublié Ou Révolution Culturelle? (Risk of Default and Value of Shares: A Cultural Revolution?)

Clere, Roland - 2018

this article that its effect on value is more important for an equity share than for a bond.To do this, we rely on a … forecasts in case of survival, with the CAPM. At the same time, the CAPM and the default risk largely justify observed bond … systematic risk included in the euro bond spreads at the end of 2015 leads to the probable detection of an over-payment of …

Persistent link: https://www.econbiz.de/10012932220

L'influence de la connaissance du genre du partenaire dans les relations de confiance et de réciprocité: une étude expérimentale

Bonein, Aurélie; Serra, Daniel - 2006

Gender differences are often observed in real life-situations. We implement an experiment on the investment game which explores the influence of knowledge of partner's gender in trust and reciprocity by means of two treatments of information: the first one, without knowledge of partner's gender...

Persistent link: https://www.econbiz.de/10015223257

Les nouveaux modèles de décision dans le risque et l’incertain : quel apport ?

Trabelsi, Mohamed Ali - 2006

Abstract: The decision theory under risk or uncertainty has for object to describe the behavior of agents facing several uncertainty perspectives, waited that every agent is characterized by preferences that are him clean. As it is difficult to describe these preferences exhaustively, we try to...

Persistent link: https://www.econbiz.de/10015223417

Les nouveaux modèles de décision dans le risque et l’incertain : quel apport ?

Trabelsi, Mohamed Ali - 2008

The decision theory under risk or uncertainty has object to describe the behaviour of agents facing several uncertainty perspectives, waited that every agent is characterized by his own preferences. As it is difficult to describe these preferences exhaustively, we try to represent them: thus,...

Persistent link: https://www.econbiz.de/10015258648

Les nouveaux modèles de décision dans le risque et l’incertain : quel apport ?

Trabelsi, Mohamed Ali - 2006

Persistent link: https://www.econbiz.de/10015254886

Les Nouveaux Modèles de Décision dans le Risque et l’Incertain : Quel Apport ?

Trabelsi, Mohamed Ali - 2006

Persistent link: https://www.econbiz.de/10015254909

Aspiration Levels and Educational Choices<br>An experimental study

Page, Lionel; Lévy-Garboua, Louis; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2006

The explanation of social inequalities in education is still a debated issue in economics. Recent empirical studies tend to downplay the potential role of credit constraint. This article tests a different potential explanation of social inequalities in education, specifically that social...

Persistent link: https://www.econbiz.de/10005100555

L'économie expérimentale pour l'analyse de modifications au système centralisé de vente du quota laitier au Québec

Doyon, Maurice; Tamini, Lota Dabio; Simard, Virginie; … - Centre Interuniversitaire de Recherche en Analyse des … - 2006

This study experimentally tests whether a modification to the centralized quota sales system is capable of lowering the price of the milk quota in Québec, while at the same time minimizing the negative impacts on the auction's efficiency. This modification consists of applying two treatments on...

Persistent link: https://www.econbiz.de/10005100647

Fiscalité et offre de travail :<br> une étude expérimentale

Lévy-Garboua, Louis; Masclet, David; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2005

We make use of experimental economics to examine how people adjust their supply of work effort in response to a variation in tax rates. Participants are paired in the experiment. In each pair, one participant randomly chosen has to exert an effort and is taxed to the benefit of the other...

Persistent link: https://www.econbiz.de/10005100669