Search results for " Strategy"

Insights on Partial Information Sharing in Supply Chain dynamics

2015

This paper provides an assessment of partial Information Sharing (IS) in Supply Chain (SC). We study the dynamics of collaborative multi-echelon structure, characterized by an increasing level of information visibility among partners. To do so, we mathematically model six four-echelon serial SCs via difference equations and conduct numerical simulations on the basis of a robust design of experiment. Results shows how (1) as the extent of IS increases, the performance of whole SC improves as well, and (2) the impact of IS depends not on which particular members are involved but on the number of collaborative members.

From the crowd to the market: The role of reward-based crowdfunding performance in attracting professional investors

2017

Abstract We focus on new technology-based entrepreneurial ventures engaging in reward-based crowdfunding and examine the effect of their performance in such funding channel on the likelihood of securing subsequent funding from professional investors. We also study how this effect is influenced by the presence of patents granted for the new product idea and the entrepreneur social capital. Results from a sample of technology projects launched on Kickstarter demonstrate that pledging a higher amount of money in crowdfunding can ignite professional investors’ interest and thus help secure subsequent funding. However, this positive evidence is effective only when complemented by the presence of…

Vers une tridimensionalité du contrôle interactif

2011

We propose in this paper to revisit the concept of interactive control, highlighted by Robert Simons, examining the use of "environmental control systems" in Ten French Companies proactive in ecology. By showing that interactivity of "control systems" is not limited to a vertical dimension as suggested by Simons, but it tends towards three-dimensional (vertical, transversal and external), this study highlights the interest of explore further upstream the concept of interactive control little studied in the literature.

The European Union as a normal international actor: an analysis of the EU Global Strategy

2019

For a long time, the European Union (EU) has been described by many scholars and policymakers as a civilian and a normative power. This article argues that these concepts do not accurately capture the foreign policy behaviour of the EU as prescribed in the European Union Global Strategy (EUGS). It first situates EU identity and role played in international relations within role strain theory. Then, it notes that the EU has difficulties fulfilling duties connected with its international identity and role. The second part of the article uses three indicators to examine whether the EU is pursuing ‘normal’ international actor status or not, drawing on the Strategy and relevant literature to do …

Determinants of Individual Investment Decisions in Investment-Based Crowdfunding

2017

We investigate determinants of investment decisions in investment-based (equity and real estate) crowdfunding, using a novel investment-, investor- and campaign-level database. We find that this market is a man's world, with nearly 93% of investments made by men. Consistent with behavioral and finance theories, we find that women invest less in the riskiest investments but more in safer ones. Further analyses show that these findings are better explained by differences in risk aversion than differences in overconfidence between men and women. Investors located in an area considered more "sociable" (socially friendly) also invest more, but only if the investor is a woman. Overall, the findin…

Circular Economy and Value Creation: Sustainable Finance with a Real Options Approach

2021

This paper presents a methodological proposal that integrates the circular economy concept and financial valuation through real options analysis. The Value Hill model of a circular economy provides a representation of the course followed by the value of an asset. Specifically, after the primary use, the life of an asset may be extended by going through four phases: the 4R phases (Reuse, Refurbish, Remanufacture and Recycle). Financial valuation allows us to quantify value creation from firms’ asset circularity under uncertainty, modelled by binomial trees. Furthermore, the 4R phases are valued as real options by applying no-arbitrage opportunity arguments. The major contribution of this pap…

Dynamique de la structure industrielle française

1990

Is the French mobile phone cartel really a cartel?

2009

International audience; France Telecom (FT), SFR and Bouygues Telecom (BT) have been fined by France's Conseil de la Concurrence (CC) for organizing a mobile phone cartel with stable market shares (one-half, one-third and one-sixth, respectively) and for directly exchanging commercial information. While not contesting the legal decision, it is argued here that the economic reasoning is flawed. (1) As the CC made much of the firms' stable market shares, we have first followed this line of reasoning by considering that the market shares are quotas under uniform costs. Even if there is a general incentive to form a monopolistic cartel, BT was too small for it to be worth its while to join it; it i…

Evaluation de la concurrence généralisée : un outil matriciel

1993

Input-output matrices and structural analysis are applied to the analysis and forecast of consequences of offensive actions in the case of multiproduct multimarket large firms.

Managerial Behavior in the Lab: Information Disclosure, Decision Process and Leadership Style

2019

This paper reports the results from a lab experiment in which subjects playing the manager role can implement either an efficient / inegalitarian allocation or an inefficient / egalitarian allocation of payoffs. The experiment simulates a stylized managerial context by allowing the manager to manipulate information and select the decision process and by allowing the stakeholders to retaliate against the manager given different choices in the decision process. We found that the inefficient allocation is often selected and that this choice depends on whether the employees can retaliate against the manager and on whether the manager can hide information about the payoffs. The social preference…