This article analyzes potential interactions between the cyclic fluctuations in credit and activity within CEMAC countries. Cycles are extracted using a pass-band filter, then characterized over the period 1960-2008 according to the Bry and Boshan algorithm. Co-movements and concordance analysis...

The aim of the research is to build the conceptual models proposed in the literature and compare them with the choices made by the laboratories in terms of localization of R & D and production centers. From an empirical investigation of the approaches used by major laboratories (annual reports,...

This paper investigates whether the observed “momentum effect” in individual stocks, caused by positive serial correlations in returns over short horizons, can be explained by fundamentalists’ heterogeneous beliefs when chartists are present in the market. For this purpose, we propose a...

The typical portfolio theory does not distinguish investors and asset managers. Most of investments, however, are delegated to asset managers, which leads to an Agency problem. Moreover, the Agency problem faced by the investment industry is specific as the managers can manipulate the...

Pour le chercheur, la these est un ecrit essentiel. Elle represente une somme de travail considerable qui l'occupe en moyenne un peu plus de quatre ans. L'accumulation de connaissances dont elle est l'objet et la problematique choisie conditionnent en general fortement les travaux qui s'en...

This research work treats formalization of the knowledge of decision makers of SME. It aims at identifying their diagram of reasoning when they make financial decisions. When they prepare the investment plan, these decision makers make an approximation of the distribution of interests and...

La politique monetaire peut influencer la valeur des banques par plusieurs voies, qui sont analysees avant d'examiner le role qu'elle a joue en pratique dans le deroulement et la resolution des crises bancaires recentes dans plusieurs pays industrialises.

Cet article presente des elements pour jalonner la comprehension des determinants de l'evolution des cooperations inter-entreprises.

Les Sciences de gestion se caracterssent actuellement par une transformation de leur objet d'analyse les organisations. Au sein de celles-ci, les systemes de controle de gestion n'echappent pas a cette mutation. Il en resulte des incertitudes perceptibles dans la litterature, sur l'evolution de...