Search results for "CAP"
showing 10 items of 8832 documents
The Importance of Alliances in Firm Capital Structure Decisions: Evidence from Biotechnology Firms
2015
Building on finance research, we argue that the ex post hazards arising from alliance formation depend upon the firm's financial condition. Financial distress jeopardizes the continuity of an alliance and the value of the investments involved. Thus, firms should reduce leverage to signal continued commitment and to induce investments from alliance partners. Accordingly, we find that a firm's current alliance propensity predicts its subsequent capital structure decisions and that this relationship is most pronounced in the presence of other exchange hazards. Our paper contributes to alliance research and to the growing literature discussing the strategic consequences of capital structure. Co…
Fostering Dynamic Growth in New Ventures through Venture Capital: Conceptualizing Venture Capital Capabilities
2017
There is ample evidence of the influence of venture capital on the creation and growth of new ventures, yet scant attention has been paid to the heterogeneity of venture capitalists and their capacity to contribute to the dynamic growth of new ventures. This paper aims to contribute to the existing literature by exploring the notion that venture capitalists have beneficial effects on the growth of new ventures when they rely on a set of distinctive skills and processes that we associate with venture capital capabilities. We bridge the venture capital and resource-based view research streams to identify the foundational mechanisms of venture capital capabilities. We develop a set of proposit…
Corporate Governance Theories: From Micro Theories to National Systems Theories
2004
The objective of this article is to conduct a survey of the different corporate governance theories. In the first part, we present the micro theories by opposing the disciplinary view to the knowledge-based view. The second part deals with the macro or national systems theories. We separate the theories based on appropriation of the organizational rent from those attributing a dominant role to production. This survey highlights that the financial view of corporate governance is a very particular case and presents many limits.
Banks’ business strategies on the edge of distress
2019
AbstractThe paper investigates the importance of banks’ business classification in shaping the risk profile of financial institutions on a global scale. We employ a rare-event logit model based on a state-of-the-art list of major global distress events from the global financial crisis. When clustering banks by their business strategies using a community detection approach, we show that (i) capital enhanced resilience only for traditional banks that were on average less capitalized than other banks; (ii) boosting ROE, usually associated with riskier exposures, improved resilience for stable funded and asset diversified banks; (iii) conversely, higher levels of ROA exacerbated banks’ vulnerab…
Using AHP methodology for prioritizing the actions in the transport sector in the frame of SECAPs
2020
The drafting of the Sustainable Energy and Climate Action Plan, required for the local authorities joining the Covenant of Mayors initiative, is an opportunity to plan actions reducing greenhouse gas emissions in the transport sector. Choosing the measures to implement requires the application of a methodology that compares them, considering costs and impacts in terms of energy consumption, emissions reduction, and social benefits. The paper aims to develop a method based on the typical approach of the Analytical Hierarchy Process, supporting decisions in the transport sector in the frame of the drafting of SECAP. The method allows determining the priority actions and the optimal allocation…
Las "cárceles del capital humano": trabajo y vidas precarias en la juventud universitaria
2017
En los últimos treinta años se ha transitado desde una concepción del capital humano como una macromagnitud económica a una idea de capital humano corporeizada en el individuo. Hemos asistido a una progresiva infiltración de dicha ideología del capital humano también en la vida de la juventud precaria. Nos centramos aquí en los jóvenes universitarios, para quienes el capital humano, ya de forma hegemónica, dirige y marca sus recorridos laborales y vitales. El análisis de los discursos de estos jóvenes nos permitirá explorar desde la imposición de la lógica de la movilidad laboral, a la sujeción a las formas de "emprendedor de sí mismo" y a la normalización, como parte del proceso de incorpo…
Virilité et masculinité des hommes handicapés
2011
A partir d’un travail clinique recent avec Marcel Nuss sur la virilite avec des hommes atteints d’un handicap l’auteur s’interroge sur les liens entre virilite et masculinite. Est interrogee l’identite sexuelle comme part de l’identite socialement construite dans un dispositif de sexualite. La clinique de l’homme handicape physique, suppose depourvu de virilite vient eclairer la clinique du masculin en general. Ne peut-on jouer un role masculin (par exemple dans la fonction paternelle, dans la sexualite ou au travail) sans posseder les attributs stereotypes de la virilite ?
Does Patriotic Vigilance Make Any Sense in the Transnational Arena? A Cosmopolitan Alternative to the Globalization Paradox
2017
We address the issue of the relevance in the transnational arena of the concept of patriotic vigilance, as expressed by French Minister Arnaud Montebourg in 2014. Firstly, we examine the globalization paradox with its underpinnings in the literature and its illustration through the recent Alstom saga. Secondly, we review the idea of a paradigm shift in world monetary affairs signaled by the recent crisis. Finally, drawing on Kant’s ideas on cosmopolitism, we sketch out an alternative to the globalization paradox.
Le corps vécu chez la personne âgée et la personne handicapée
2010
Consacre a l’experience du corps vecu chez les personnes en situation de dependance, ainsi qu’aux representations qui peuvent conduire a l’obliterer, cet ouvrage comporte une part non negligeable de temoignages. Il s’agit de stimuler la reflexion sur la difference entre l’experience reelle des personnes et celle qu’on leur prete. L’etude du handicap et du vieillissement permet par ailleurs d’interroger les limites de notre tolerance, et de l’experience meme que nous faisons de notre propre corps : comment definirions-nous notre propre intimite ? notre autonomie ?Le corps vecu tel que nous l’eprouvons n’est en effet pas reductible a la connaissance anatomique et physiologique que nous en don…
Figurative language and multicultural education: metaphors of language acquisition and retention
2015
Linguistics has long recognised that figurative language in the form of metaphorical expressions structures and communicates attitudes towards the ideas and concepts being expressed and that multilingual students also employ linguistic figures frequently in their writing. In this study, multilingual students use figurative language to both critique and describe experiences related to language acquisition and retention. Faced with the task of using three or more languages, the L3 English language students studied often turn to metaphor to describe the relationships between their languages and the different contexts in which they use the linguistic resources available to them. The following a…