L'adaptation recente de la reglementation prudentielle des banques, aux risques de marche notamment, a conduit les autorites a reconnaitre le controle interne et a menager une place plus importante a la communication d'informations. En cela, les autorites reglementaires se sont rapprochees des...

Event studies on shareholder wealth effects of American and French takeovers find out that targets clearly gain, and bidders do not lose. We estimate in this study the abnormal returns associated with takeovers in the French market during the period of intense acquisition activity of 1991 - 1997.

Le lien entre conflits ethniques et flux migratoires est d'une importance capitale pour les PED ou le capital humain et entrepreneurial est souvent detenu par une minorite ethnique. Compte tenu de l'impossibilite d'etude dans le pays d'origine (autorisations...), cette etude aborde la question a...

Clarke's normal cone appears as the right tool to define the marginal pricing rule in finite dimensional commodity space since it allows to consider in the same framework convex, smooth as well as nonsmooth nonconvex production sets. Furthermore it has nice continuity and convexity properties....

We present results of the project Prolex. The aim of the project is the automated analysis of proper names, especially a description of relations between different proper names in a French text. The effect of this work is to tag the text. The system currently works with geographical proper names...

L'objectif de cet article est de reconsiderer la theorie des irréversibilités decisionnelles dans un cadre non-Bayesien. Nous proposons tout d'abord une typologie de trois effets permettant de distinguer les roles respectifs des irreversibilites et de l'information et de pallier ainsi a une...

This paper examines the cyclical properties of a finance constrained economy populated by two classes of households with heterogeneous preferences and featuring social increasing returns-to-scale. The model exhibits indeterminacy for externalities mild enough so that the labor demand curve is...

This econometric study analyzes market bid functions for French Treasury Bills. We use the results of 125 discriminatory bill auctions during 1995 to determine the factors that affect the shape of the aggregate demand functions. We proceed in two step, we estimate the parameters of a logistic...