Search results for "OWNERS"
showing 10 items of 121 documents
Geography versus topology in the European Ownership Network
2011
In this paper, we investigate the network of ownership relationships among European firms and its embedding in the geographical space. We carry out a detailed analysis of geographical distances between pairs of nodes, connected by edges or by shortest paths of varying length. In particular, we study the relation between geographical distance and network distance in comparison with a random spatial network model. While the distribution of geographical distance can be fairly well reproduced, important deviations appear in the network distance and in the size of the largest strongly connected component. Our results show that geographical factors allow us to capture several features of the netw…
Three Essays in Microeconometrics
2020
This dissertation examines three distinct issues using microeconometric techniques. The first two chapters fall in the realm of discrete choice models and try to make allowance for limited attention. The third chapter focuses on firm behavior and investigates the impact of ownership concentration on productivity. Chapter 1 predominantly builds on the consideration capacity model in Dardanoni, Manzini, Mariotti and Tyson (2019). In the attempt to behavioralize rational choice theory, their model identifies the distribution of cognitive characteristics in a population of agents who are observed choosing repeatedly from a single menu. By exploiting algebraic arguments, we first generalize the …
L'influence des facteurs institutionnels sur la politique d'information financière des entreprises. Une analyse à la lumière du cas français
2009
International audience; L'influence des facteurs institutionnels sur la politique d'information financière des entreprises. Une analyse à la lumière du cas français.
Pre-requisites of successful strategic electronic coordination : the moderation effect of the ownership mechanism of inter-organisational information…
2017
In this paper, we attempt to explain how the ownership mechanism of an interorganisational information system (IOS) may impact strategic information exchange (electronic coordination) induced by specific investments in the IOS. Recent research and practice show that heavy investments in IOSs demonstrate mixed results with respect to their impact on the electronic coordination. Consequently, the search of additional factors is needed to help and explain under what circumstances the IOS investments for strategic purposes become beneficial for the companies in a buyersupplier dyad. Transaction cost economics (TCE) and the hostage model are used as a framework for the research. 198 observations…
Supply chain coordination under asymmetric information and partial vertical integration
2022
AbstractSupply chain contracting is known to suffer from inefficiency in the presence of asymmetric information. Full vertical integration would eliminate the informational inefficiency but can be strategically undesirable. Yet today’s supply chain partnerships exhibit a certain degree of partial vertical integration via equity ties between the firms. Such governance forms received limited attention in supply chain research. Management literature suggests that partial vertical integration may help the firms to ease contracting problems by aligning their incentives, and thus improve the total surplus. We address this proposition by studying a model of a partially integrated supply chain in w…
Does the brain know who is at the origin of what in an imitative interaction?
2012
International audience; Brain correlates of the sense of agency have recently received increased attention. However, the explorations remain largely restricted to the study of brains in isolation. The prototypical paradigm used so far consists of manipulating visual perception of own action while asking the subject to draw a distinction between self- versus externally caused action. However, the recent definition of agency as a multifactorial phenomenon combining bottom-up and top-down processes suggests the exploration of more complex situations. Notably there is a need of accounting for the dynamics of agency in a two-body context where we often experience the double faceted question of w…
Labor Market Flexibility and Unemployment: New Empirical Evidence of Static and Dynamic Effects
2012
The aim of this paper is to analyze the relationship between labor market flexibility and unemployment outcomes. Using a panel of 97 countries from 1985 to 2008, the results of the paper suggest that improvements in labor market flexibility have a statistically and significant negative impact on unemployment outcomes (over unemployment, youth unemployment, and long-term unemployment). Among the different labor market flexibility indicators analyzed, hiring and firing regulations and hiring costs are found to have the strongest effect.
L’accession à la propriété après les séparations : pourquoi un tel écart entre hommes et femmes ?
2021
À partir de l’enquête SRCV (Statistiques sur les Ressources et les Conditions de Vie), cet article se propose de décrire comment les séparations conjugales viennent renforcer les inégalités d’accession à la propriété entre hommes et femmes. Avant la rupture, les femmes ont des carrières moins rémunératrices que leur conjoint. Ces inégalités se creusent après la séparation, d’autant plus que les femmes ont davantage la garde des enfants. Elles ont donc des niveaux de vie plus faibles et des situations professionnelles plus précaires, leur permettant moins souvent de rester propriétaires. Par ailleurs, à caractéristiques égales, les hommes font davantage le choix de la propriété que les femme…
Three essays on mergers and acquisitions and earnings management in Europe
2020
The general objective of the thesis is to analyze how bidders include the earnings management (EM) by target firms in M&A negotiations in Europe, particularly when setting the terms of the M&As, such as the bid premiums and the percentage to acquire. Three specific objectives are proposed to achieve that. Firstly, the thesis analyzes the context of M&As in Europe to understand better the European market of corporate control. Secondly, the research examines the relation between the EM of targets and the premiums offered by acquirers, at deal announcements, and the role of the industry relatedness between firms involved in the deal. Thirdly, the study examines the association between the EM o…