Cet article présente les résultats d'une enquête réalisée en 2002, auprès d'un échantillon d'entreprises françaises cotées à la Bourse de Paris, et portant sur leur comportement face aux risques financiers. Le questionnaire adressé aux entreprises permet d'apporter des réponses à...

This paper empirically tests the determinants of derivatives use using a sample of French nonfinancial firms- a relatively under investigated area in the risk management literature. It shows that several factors related to maximizing the firm's value significantly affect the decision to use...

La gestion de ses risques par l'entreprise est une des premières préoccupations des dirigeants, des investisseurs et des partenaires de l'entreprise. Elle concerne donc les experts-comptables et les commissaires aux comptes. La communication financière en matière de risques constitue une...

The aim of this pH-D thesis is to answer the following question : Is it possible to use the information offered by the commodity futures markets and the hedging instruments they propose to value a petroleum field and decide when it is suitable to invest ? A term structure model for commodity...

The aim of this pH-D thesis is to answer the following question : Is it possible to use the information offered by the commodity futures markets and the hedging instruments they propose to value a petroleum field and decide when it is suitable to invest ? A term structure model for commodity...

Since ten years, an increasing proportion of pension funds faces to severe financial difficulties, addressing some questions about the management of these institutions and the effectiveness of the regulatory framework. This thesis aims to analyze the investment decisions and financial risk...

Value-at-Risk (VaR) has emerged as the standard tool for measuring and reporting financial market risk. Currently, more than eighty commercial vendors offer enterprise or trading risk management systems which report VaR-like measures. Risk managers are therefore often left with the daunting task...