This paper examines the determinants of the time it takes for an index options market to be brought back to efficiency after put-call parity deviations, using intraday transactions data from the French CAC 40 index options over the August 2000 - July 2001 period. We address this issue through...

In this paper we derive adaptive non-parametric rates of concentration of the posterior distributions for the density model on the class of Sobolev and Besov spaces. For this purpose, we build prior models based on wavelet or Fourier expansions of the logarithm of the density. The prior models...

The role of defense in national innovation systems is a highly topical, because of the complexity of defense systems and the desire to get value-for-money from R&D investment, especially through the commercialization of defense-funded technology. In practice, external transfer has proved to be a...

The presence of nearby public facility contributes to real-estate’s value, that’s why the market may expect impact of public project on house’s price. But undesirable and semi-desirable facility location choices can be contested by close inhabitants, because they are source of negative...

The everchanging European context may well lead to the evolution of MNCs' strategies in Europe and to the evolution of the control mechanisms within their subsidiaries. The author analyses the issue from the angle of human resources management, considered as an informal control tool that is...

This book describes all features of globalization : trade, foreign direct investment, flows of capital and moneys, international organizations. It gives arguments in favour of globalization and critics against it.

Thanks to the advances in information and communication technologies (ICTs), virtual teams have become a reality in an increasing number of companies. Despite the advantages they provide, these teams trigger some concerns about the lack and even the absence of face-to-face communication and...

In March 1968, a decree of the Minister of Economy and Finance approved the first methodology on the consolidation of balance sheets. The text, developed by the Conseil national de la comptabilité, aimed to provide to the French companies, the methodological elements needed to produce...