This paper examines the incentives from stock options for loss-averse employees subject to probability weighting. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous time model to value options from the perspective of a...

We examine board structure in France, which since 1966 has allowed firms freedom to choose between unitary and two-tier boards. We analyze how this choice relates to characteristics of the firm and its environment. Firms with severe asymmetric information tend to opt for unitary boards; firms...

Environmental information is very important to strategic management. Human sources are among the most commonly used sources of information and among them, boundary people, such as salesman, hold a privileged position. One dimension which measures the quality of a strategic response is its speed...

This research provides an alternative framework for the valuation of standard employee stock options and for the analysis of exercise behavior patterns. It develops a binomial model where the exercise decision obeys to a policy that maximizes the expected utility to a representative employee...

The purpose of this article is to understand how academics in management deal with the concept of generation in workplace. A conceptual framework of generational diversity was elaborated through an interdisciplinary literature analysis. Four levels of analysis (society, career, organization and...

Since the early 1997 paper by La Porta et al., a growing body of research has argued that ‘legal origins’ have a country-specific, time-invariant effect on property rights and economic development. Following the methodology of La Porta et al., an original database of 51 bankruptcy laws has...

In this paper we examine the possibility to bridge theory of Distributed Cognition with popular theories of Social Studies of Technology (in particular, Actor-Network Theory and Social Construction of Technology). Responding to a recent call for revisiting the design metaphor, in this paper we...

We propose, in this paper, an explanatory model of the continuance of usage intention of social networking sites based on the theory of planned behavior and taking into account the user's perceived degree of shyness. This research is based on a quantitative methodology. Thanks to a quantitative...

The paper is a survey of the Aumann's and Schelling's main contributions to game theory. For Aumann, a distinction is made between his works devoted to cooperative and non cooperative games. As for Schelling, pure coordination games and focal points are underlined on one hand, and the collective...