We discuss the consequences of liberalization on capital market performance. Greater autonomy is expected to bring efficiency, profit and augmented welfare. In some cases, this higher autonomy has also been connected to episodes of fraud. We discuss the role a regulatory activity can play into...

Our work debates the problematic of the definition of internationalization strategies by Multinationals. We give some highlights on the main elements that condition such a process. The main perspective is derived from the analysis of the nature of the process of internationalization. We look for...

Our paper analyses the particular case of Enron as a quoted and transversal firm. In order to identify the real motivations of firm's actions, we present a brief insight on Enron's diversification decisions, as well as on firm's main core strategies. The company structurally spread itself to...

We start by making a brief introduction into the problematic of firms' decision on capital structure. We present a brief literature review on Capital Structure Theories. We hypothesize that firms in their choice of the level of debt are conditioned by complementary financial policy choices,...

Our work looks for empirical evidence for the theoretical work proposed in the past. We use cross-country data from 1960 to 2002 to validate those principles. More precisely, our objective is to quantify the extension of life expectancy improvement that can be explained by the ever increasing...