Cet article est le quatrième et dernier d’une série de quatre articles de recherche consacrés à la réforme de la reddition des comptes et de l’organisation comptable du secteur public en Belgique et à sa transition d’une comptabilité camérale vers un système intégré de...

The recent rise of the public debt limits governments’ room for manoeuvre in terms of economic policy and it seems urgent to try to slow down its progression. This paper shows that even if financial repression appears as an appealing solution for the so called peripheral countries of the euro...

This study uses a unique, hand-collected sample of microfinance institutions from 73 developing countries to analyze the relationships between audit quality and governance mechanisms. We examine two measures of audit quality, namely, the use of Big Four auditors and the presence of internal...

Justice theory is an established framework for analysing the complaining behaviours of customers (Homburg and Fürst, 2005; del Rio-Lanza et al. 2008) and developing complaint-handling practices (Tax et al. 1998). A component of the interactional justice, (im)politeness plays an important role in...

Recent economic literature on poverty may be broadly divided into two strands. One strand investigates the multidimensional nature of poverty. The other strand, employing the large availability of household surveys, investigates the micro and macro determinants of monetary poverty, analyzing the...

In Burundi, the problem of solid waste management is acute as dependence on wood and charcoal as solid fuel is creating a major problem of deforestation [1]. The purpose of this work is to promote material and energy valorization of solid waste in Bujumbura where a preliminary study has been...

This paper explores the “resource curse” problem as a counter-example of creative performance and innovation by examining reliance on capital and physical resources, showing the gap between expectations and ex-post actual performance became clearer under conditions of economic turmoil. The...

Starting from the structural model developed by Merton (1974) and the derived notion of distance-to-default, we study the determinants of credit default swap (CDS) spreads for a sample of European banks over a period from January 2006 to December 2011. In particular, we test variables that are...

Microfinance institutions (MFIs) are alternative financial providers offering financial services to people typically excluded from the standard banking sector. While most MFIs are active in developing countries, there is also a young and developing microfinance sector in Europe; however, very...

During crisis art is often considered as a safe haven both by the scientific literature and the financial advisors. For example, during WWII art markets encountered a massive boom in occupied countries This paper questions this vision of art as a safe investment providing evidence that art has...