This paper tries to analyze the likely advantages to draw from R&D internationalization in Multinational companies. Using a sample of 160 American firms over the period 2001-2006, we find that a hierarchical classification of FMNs according to their performances and their expenditure of R&D...

This paper studies the relationship between R&D decentralization and financial performance. It examines also the impact of this decentralization on earnings management. To specify what does matter in the decentralization of the R&D we try to examine the relationship between centralization or...

This paper provides the first evidence for empirical test of the effect of rational expectations as well as behavioral biases including among others animal spirits such as defined by Akerlof and Shiller (2009) on the variability of trading. Using a data for five international capital markets in...

This paper aims to examine the volatility spillover, diversification benefits, and hedge ratios between U.S. stock markets and different financial variables and commodities during the pre-COVID-19 and COVID-19 crisis, using daily data and multivariate GARCH models. Our results indicate that the...

This paper examines whether R&D decentralization influences performance. It examines also the impact of this decentralization on earnings management. To specify what does matter in the decentralization of the R&D we try to examine the relationship between centralization or decentralization of...

This paper investigates the dynamic linkages between trading volume and investors sentiments for the S&P500 stock exchange. Two sentiment indicators are considered, the overconfidence and the net optimism-pessimism indicator. Non-linear dynamic approach, namely the asymmetric autoregressive...