La fin du XXe siècle a connu une profonde mutation socio - économique et politique qui a favorisée une interrogation sur le rôle social des entreprises. Celles-ci se doivent aujourd’hui d’assumer la responsabilité des conséquences de leurs activités, de répondre à des attentes ou...

We explore the fiscal impacts of hurricane strikes. To this end we derive a damage index from a physical wind field model, and assemble a panel data set of Caribbean countries over 36 years. Our results, based on panel var and impulse response frameworks, show that a typical strike significantly...

Disclosure could mitigate the weakness of institutional context in protecting investors by reducing information asymmetry. This study examines a set of corporate governance features that influence disclosure quality in a context of of principal-principal conflicts and poor investor protection....

This paper employs a conditional version of the International Capital Asset Pricing Model (ICAPM) to investigate the determinants of regional integration of stock markets in the Latin America and Asia over the period 1996-2008. This model allows for three sources of time-varying risks: common...

Franchising has become a dominant model of retailing in the Western world and is rapidly expanding in emerging countries. This paper is an attempt to explain the significant differences in the development of franchising in three emerging countries: Morocco, Algeria and Tunisia. Explanations can...

In this paper we introduce a technique for perfect simulation from the stationary distribution of a standard model of industry dynamics. The method can be adapted to other, possibly non-monotone, regenerative processes found in industrial organization and other fields of economics. The algorithm...

An original organizational form, a hybrid between market and hierarchy, franchise networks are based on a close and interactive collaboration between several firms: a franchisor, who generally is the initiator of the partnership, and franchisees, legally and financially independent retailers,...

Environmental degradation measured by CO2 emissions is a significant challenge to sustainable economic development. Owing to significant differences in the empirical relationship between the economic growth and CO2 emissions and policies adopted by different countries to overcome the challenge...

Cet article s’intéresse à la place et au rôle des acteurs dans un système de veille stratégique (SVS). Notre approche considère ces derniers comme étant au coeur du SVS dans la mesure où ils le font vivre à travers leurs interactions, échanges mais aussi connaissances et...

This paper reinvestigates the presence and the causes of the underwriting cycle in the French property-liability insurance industry as displayed by the combined ratio for the 1963-2008 period. The question is still a timely issue if we refer to regulation issues and the recent proposals in the...