In an attempt to examine the influence of the leader's social relation on dividend distribution policy in a context of listed non-financial Tunisian firms, a multiple linear model is constructed in a period stretching between 2001-2014.Thus, our empirical study is based on the estimation of a...

In a context of the Tunisian non-financial listed companies between 2001-2014. Our results show a positive effect between the characteristics of the board of directors proxies (the size of the board of directors, the remuneration of the leader and the duration of the meetings of the board of...

The objective of this paper is to study the effect of the characteristics of the board of directors on the policy of dividend distribution in a context of the Tunisian non-financial listed companies between 2001- 2014. Thus, our empirical study is based on the estimation of a single model by...

With the objective of understanding the human behavior to better value the financial assets, we try in this paper to introduce a conditional asset pricing model in the states of nature present in the market. This constitutes an application of prospect theory that tests the main hypotheses. Our...

Researches on the momentum effect are generally effectuated on aggregated portfolios consisting of both high and low performance stocks. This paper looks for the differences in the momentum effect at the firm level, through stocks with high and low performance, using the FMOLS method. This...

The hypothesis of financial market efficiency predicts that the stock prices show instantaneously all the applicable information available on the market (Fama, 1970). If the market is efficient, and if the investors are neutral to the risk, then the stock prices are unpredictable. This paper...