Several empirical studies show that mutual funds set their prices in a strategic way according to their level of quality. In a market where two mutual funds are vertically differentiated, we study their price strategies in cases of perfect information and when investors are unable to distinguish...

A l'heure où l'Europe s'interroge sur la nécessité de mettre en place un système de de recours collectif et où la France connaît des controverses sur ce sujet, l'AMF a publié un rapport relatif à l'indemnisation des préjudices subis par les épargnants et les investisseurs. Tout en...

French Abstract: L'Eglise a publié un texte de référence sur la finance « OEconomicae et pecuniariae quaestiones » qui vise notamment à pointer les faiblesses du système financier et à proposer des solutions. Afin d'éprouver ces arguments, nous les avons distribuées dans les fonctions...

The literature dealing with price setting and quality assumes by default that investors believe that mutual funds are vertically differentiated. We consider also the case where they do not believe it and we show that it may call the market into question. To solve this problem we assume the...

This paper aims to analyze the determinants of cash usage in a selection of European Union (EU) countries over the 2003-2016 period, based on a set of technological, socioeconomic, and socio-cultural indicators. Our results reveal the existence of region-specific determinants. Thus, in EU...