The cost of equity capital is traditionally considered as an increasing function of the estimation risk – the risk of error regarding the distribution of a firm’s future cash flows (FCF). Under international GAAPs, IAS 36 “Impairment of assets” -based information disclosure conveys...

L'implantation du Lean à l'hôpital suscite des débats sur les conséquences de cette nouvelle forme d'organisation du travail pour les professionnels qui y travaillent. L'objectif de cet article est d'en rendre compte de manière théorique et pratique. Après avoir défini les principes du...

"Bringing health through food to as many people as possible" - this is the strategic mission of the French Danone group who has become a leading actor in the food-processing industry: Danone is the world's number 1 for fresh dairy products, number 2 for infant nutrition and bottled waters, and...

Do evolutionary processes lead economic or biological agents to behave as if they were rational? To test this idea, many authors examined whether evolutionary game dynamics eliminate strictly dominated strategies. We survey, unify, and fill some gaps in this literature in the case of monotonic...

This paper proposes a consumption-based model that accounts for term premiums of the nominal term structure of interest rates. The model focuses on ex ante term premiums, which depend on the volatility processes of real consumption and inflation. The contribution of the paper is to derive and...

Many empirical and behavioral studies identify a decreasing slope in the term structure of subjective discount rates. Using an experimental methodology based on “free-time” relative comparisons, this paper aims to identify in individual behaviors whether agents see their psychological value...

This paper explores corporate social responsibility (CSR) within the franchising sector. More specifically, using regulation theory, stakeholder-agency theory, transaction cost analysis, and literature on plural form, along with an empirical study conducted on the franchising sector in the...