This paper examines the link between research and development (R&D) and idiosyncratic volatility for a panel of large French quoted companies. We investigate whether the intensity of R&D investment makes the firm’s stocks riskier. We suggest that R&D activities generate information asymmetry...

This article deals with the issues of hotel loyalty programs implemented in the Slovak Republic. It analyzes the effectiveness of loyalty programs in relation to purchasing behaviour of Slovak customers. We propose a theoretical model of loyalty determinants, which we verify empirically. We try...

If yield management is commonly used, studies dealing with customers reactions are not frequent. Yield management techniques, which aim to optimize firm returns, leads often to disadvantageous situations for customers. The object of this article is to study the consumer perception of Yield...

The object of this article is to study the consumer perception of innovative Yield Management (YM) strategies in the hotel sector. Hotels use these practices in order to increase their incomes. These strategies rely heavily on ICT and are more comparable with the development of the Internet....

Abstract. This paper focuses on the transmission of bank liquidity shocks in loan and deposit in emerging markets. First, we attempt to identify the factors that affect the credit strategy of foreign banks in emerging countries. Second, we test whether depositors do exert market discipline on...

The empirical evidence suggests that firms in high-tech industries exhibit high stock return volatility. In this paper, we conceive of the R&D investment intensity as a possible explanation for the stock volatility behavior in these industries. We suggest that R&D activities generate information...

Les sociétés d'assurance sont des investisseurs institutionnels importants dont les bilans se composent essentiellement d'actifs financiers. Il en résulte que tout changement dans les règles d'évaluation de ces actifs a des répercussions importantes sur leur bilan et performance...

En se basant sur la méthodologie des études d'association entre les composantes du résultat comptable (le cash flow d'exploitation, l'accrual total, l'accrual discrétionnaire et le résultat non discrétionnaire) et le rendement boursier, nous avons mené une comparaison internationale des...

Cet article étudie le contenu informationnel des intangibles selon les normes IAS/IFRS par rapport au PCG pour les entreprises du SBF 250. Les résultats obtenus démontrent l'existence d'une plus grande pertinence des informations véhiculées par les données comptables du goodwill et des...