Risk-based allocation strategies, also known as Smart Beta allocations, define the weights of assets in portfolios as functions of the individual and common asset risk. In this paper we focus on the Minimum Variance (MV), Maximum Diversification (MD), Equal Risk Contribution (ERC) and...

This paper examines the equilibrium of financial portfolios under insurance

As emphasized by the U.S. Dodd-Frank Act and the European MiFID directive, financial institu-

La littérature a démontré que les organisations adoptent des trajectoires de changement différentes selon leur écart de réalisation, i.e., selon qu’elles réalisent une performance en-deçà, conforme ou au-delà de leurs aspirations. En revanche, l’efficacité relative de ces...

This article examines the stock market performance implications of joint venture (JV) partner sell-offs using a resource-based view and an event study methodology. More specifically, it proposes hypotheses putting into evidence the stock market valuation of different reasons for JV sell-offs...

(VF)Outre la mesure de l’impact de l’annonce des suppressions d’emplois, réalisée à travers une d’étude d’événements, cette recherche intègre une série de critères qui caractérisent les suppressions d'emplois. Deux résultats majeurs sont à noter. 1) Aucun impact...

This paper examines some properties of portfolio insurance that are linked to the risk aversion and the prudence of the investor. We provide explicit conditions to measure portfolio sensitivity to downside risk. We also characterize the degree of portfolio insurance by means of the ratio of...

The literature on new forms of organization (especially network organizations) is more focused on the description of inter-organizational structures than on an analysis of the management located within these complex configurations. The control of relationships between organizations belonging to...

Does an acquirer with extensive acquisition experience outperform an acquirer with little or no acquisition experience? Does an acquirer with varied growth mode experience (i.e. a company undertaking not only acquisitions but also joint ventures) outperform a company that has very homogeneous...