While we do not mean to imply that there are insurmountable or even clear distinctions between the social sciences, we claim that economists can still provide an original analysis of class, which should be regarded as complementary to those developed by sociologists. Following the tradition of...

Microfinance institutions (MFIs) lend to the poor, fostering these individuals’ financial inclusion. However, microfinance clients suffer from high interest rates, a type of poverty penalty. Reducing margins and lowering interest rates should be a target for MFIs with a strong social...

La question de la légitimité des chefs, bien que particulièrement importante dans les organisations, reste à ce jour peu définie, peu modélisée et peu explorée empiriquement. À travers une étude s’appuyant sur des interviews menées auprès de 120 travailleurs, nous avons cherché à...

How do women leaders such as board members and top managers influence the social performance of organizations? This paper addresses the issue by exploiting a unique database released by a Senegalese network of 36 financial cooperatives sharing identical governance characteristics and placed...

The process of deploying smart meters in EU’s households is following its course. Cost-benefit analyses are being carried out in Member States and new Directives are replacing the one that gave the initial impulse. However, throughout this process, smart meters are always presented as a way to...

In this article, we propose co-creation as a more efficient and effective way of formulating and implementing strategy. We rely on the foundations of procedural justice theory which states that when a decision making process is considered as “fair”, people to whom the process is applied...

Since 1989 and the regionalization of public transports in Belgium, the Société des transports intercommunaux de Bruxelles (STIB), i.e. the public operator of urban transport in Brussels, has undergone many changes, both structural and organizational. Meanwhile, the company has managed to...

The financial underperformance of art as an investment is well documented. In contrast to studies conducted on peace-time periods, this paper shows that the art market in occupied France during WWII significantly outperformed all alternative investments (bonds, equities, as well as currencies...

In the paper, we argue that trust is the missing link relating education, institutions, and economic development. We argue that increased trust both increases education and improves legal and bureaucratic institutions, which in turn spurs economic development. We substantiate this intuition with...

This paper assesses the relationship between institutions, output, and productivity when official output is corrected for the size of the shadow economy. Our results confirm the usual positive impact of institutional quality on official output and total factor productivity, and its negative...