Privatization is an old phenomenon but with important changes for the ten last years. According to the movement observed in practice, since the end of the nineties, researches are focused on privatizations in emergent countries and (or) outgoing of a planned and centralized economy....

Banking relationship has been showed to be important in lending, especially in small business lending. Few studies focus on banking relationship in syndicated loan, although they have became a major way of financing. The last financial crisis has clearly shown credit rationing, and credit...

We interpret privatization in light of corporate governance theory. After replicating some traditional tests, we test our new model on a sample of privatized French firms. We cannot confirm for French privatizations the positive effect on overall static and dynamic efficiency of the firm...

Since the 1990s’, a relatively ample research has been undertaken regarding the measurement of the volatility of bank earnings over time. The comparison between traditional deposits-loans banking and financial activities is a further specific theme in bank performance research. Few analyses...

The intention of this article is to take advantage of recent discoveries in econometrics (ARCH processes) to reformulate classical tests about the efficiency of financial market. It is also intended to improve the quality of stock index forecasts. Classical tests about the efficiency are...

La théorie financière indique que les banques dépendantes en ressources externes et/ou fragiles financièrement éprouvent plus de difficultés à refinancer leurs opérations de prêt, en raison des problèmes informationnels auxquels elles font face et/ou qu'elles suscitent, d'où un risque...

We propose an economic analysis of the individual behaviour as regards vaccination extending the one carried out by Geoffard et Philipson [1997] in two directions: the ability of individuals to perform rational expectations and the updating of individual perceptions of the value of vaccination...

A reading of the process of privatization through the corporate governance theory leads to propose a model taking into account, on the one hand, the time dimension of the process of privatization, on the other hand, the contextual, organizational, governance and strategic variables which...

Les banques sont aujourd’hui au centre de nombreux débats et de multiples controverses. Les interrogations suscitées par ces institutions ne sont certes pas nouvelles, mais depuis la crise de 2008, elles concernent des acteurs économiques dont le métier n’est pas directement lié à...

Financial theory indicates that banks dependent on external resources and/or financially fragile have more difficulties in refinancing their operations of credit supply, due to the informational problems they face and/or they cause. In this context, this study tests the hypothesis that the...