Search results for "CAPI"
showing 10 items of 2622 documents
Capital culturel et inégalités sociales de réussite scolaire : les effets des pratiques musicales
2008
Ce travail se propose d’étudier si les pratiques musicales de l’élève et de sa famille peuvent constituer un capital culturel utile à sa réussite scolaire. Nous nous sommes intéressés au mécanisme que P. Bourdieu et J.-C. Passeron avaient le moins approfondi : le développement de compétences. Fondé sur une enquête empirique, ce travail évalue les effets de plusieurs pratiques musicales sur les acquisitions en éducation musicale, ainsi que les effets de ces dernières sur les scores de mathématiques et de français. Les résultats montrent que, toutes choses égales par ailleurs, les pratiques musicales considérées ont un effet positif sur les acquisitions en éducation musicale, ces pratiques ex…
On the Determinants of the Going Public Decision in Spain
2008
Though the going public decision has been addressed by several theories, empirical research is particularly scarce to European countries. This is the first research in the Spanish market that investigates ex ante and ex post characteristics of IPO firms, using a large database of private held firms that potentially may go public. Some of our results are consistent with previous studies. Our evidence suggests that firms that go public are young firms with large capital expenditures previously to the IPO. However, a firm's need to finance activity is not the main motive to go public, but to achieve the proper conditions to rebalance firm's economic and financial structure. Our results are con…
Capital humano y formación de rentas
1989
International audience
La inversión en capital humano
2009
09037
IFRS 3 et reconnaissance des actifs incorporels : l'inertie des émetteurs en question.
2010
National audience; En matière de regroupement d'entreprises, et en vue d'adapter les états financiers aux évolutions de l'environnement économique, la position adoptée par le normalisateur IFRS consiste à faciliter la reconnaissance des actifs incorporels séparément du goodwill dans les sociétés cotées (position défendue par les normes IFRS 3 et IFRS 3 révisée). Cette orientation est contestée par un certain courant de littérature, et démentie par l'analyse des résultats d'une étude exploratoire originale portant sur le CAC 40. L'inertie des sociétés cotées ainsi mise en œuvre peut s'expliquer, notamment, par la tendance des normes à ne pas suffisamment tenir compte de la capacité cognitive…
Réflexions sur l'investissement dans la réputation par les auditeurs et les analystes financiers
2010
National audience; Cet article s'intéresse à l'investissement dans un actif intangible spécifique : la réputation. Son analyse pour les opérateurs sur les marchés financiers est particulièrement intéressante car elle met en exergue les arbitrages possibles entre des profits à court terme issus d'un avantage informationnel et les gains à long terme générés par la construction d'une bonne réputation. Nous focalisons notre attention sur deux acteurs informationnels majeurs du marché des actions : les auditeurs et les analystes financiers. En théorie, ces acteurs sont incités à développer une bonne réputation, parce qu'ils sont en relation continue avec les investisseurs qui demandent des infor…
A comparative economic analysis of torrefied pellet production based on state-of-the-art pellets
2017
Abstract Torrefied pellets have fuel properties superior to those of conventional wood pellets and potentially allow greater rates of co-firing and thus larger reductions in net CO 2 emissions. Despite the growing amount of scientific output on torrefaction, the economic feasibility of torrefied pellet production is still a topic of considerable uncertainty. This is an obstacle for decision makers looking to implement sustainable energy policies. This paper compares the economics of torrefied pellets to conventional wood pellets. Working backwards from demonstrated pellet properties, this work attempts to answer the following question: Based on state-of-the-art torrefied pellets, what would…
A novel thermoeconomic analysis under dynamic operating conditions for space heating and cooling systems
2019
Abstract Thermoeconomic analysis allows for a deep understanding of the cost formation process within an energy system, providing insights into the possible routes for improvement. Several thermoeconomic approaches are well-established for application in systems with steady operating conditions, such as power plants, while a limited number of applications to air-conditioning systems in buildings have been proposed, due to the difficulties in dealing with very irregular load profiles and unsteady plant operating conditions. This study investigates the potential of Thermoeconomics as a support for decision making in building energy systems, proving its capability to identify trade-offs betwee…
Foreign Direct Investment Drivers in Romania
2013
Foreign Direct Investment (FDI) represents a condition sine qua non for a sustainable development of Romania, taking into consideration the fact that the domestic capital is not enough to assure a positive and significant growth. The present study uses the multiple linear regression to determine the main factors which influence FDI level in Romania. The international reserve and the capital market index BET have a direct and positive impact on the foreign investment flow, while the short, medium and long private and public external debt proved to influence direct, but in a negative way, the FDI.
A Simulation Analysis of the Microstructure of an Order Driven Financial Market with Multiple Securities and Portfolio Choices
2005
In this paper we propose an artificial market where multiple risky assets are exchanged. Agents are constrained by the availability of resources and trade to adjust their portfolio according to an exogenously given target portfolio. We model the trading mechanism as a continuous auction order-driven market. Agents are heterogeneous in terms of desired target portfolio allocations, but they are homogeneous in terms of trading strategies. We investigate the role played by the trading mechanism in affecting the dynamics of prices, trading volume and volatility. We show that the institutional setting of a double auction market is sufficient to generate a non-normal distribution of price changes…