By examining stock market reactions to the announcement of operational losses by financial companies, this paper attempts to disentangle operational losses from reputational damage. Our analysis deals with 154 events coming from the FIRST database of OpVantage. Events occurred between 1990 and...

The main objective of this paper is to empirically test the variables of the theory of transaction costs and resource based view that influence on the decisionof internationalization of production processes. A logistic regression with data from companies in 15 European countries was estimated,...

This paper analyzes the strategies of the Canadian corporation Quebecor, a conglomerate regarded as the prototypical media company and a veteran in the process of gradual media convergence. This case study is based on ethnographic fieldwork conducted between 1999 and 2005, and on a review of the...

Regions are increasingly becoming a main engine of globalization and are playing a more and more important role in economic development policies. As a consequence, regional authorities must be very attentive to the competitiveness of their region. In a first part of the paper, some main economic...

Depuis plus d'une décennie, le transport aérien intra-européen est libéralisé. Les compagnies communautaires se sont ainsi vu offrir une liberté d'accès au marché et peuvent donc organiser leurs réseaux comme bon leur semble. Cependant, il leur faut parallèlement être rentables car...

This paper discusses challenges and priorities for the EU immigration policy. In particular, it focuses on two key arguments in the current public debate. First, the introduction of the "Blue Card", which is a work visa aimed to make the EU more attractive to skilled immigrants. Second, the...