Search results for "finance"
showing 10 items of 4676 documents
Free trade and protection of the environment: Is the GATT in need of reform?
1992
The GATT negotiations under the Uruguay Round have almost run their course. However, consultations are certain to continue, as critics regard the GATT rules on environmental protection as inadequate. What aspects need to be reformed, and how might the initial reform measures look?
Crowdfunding in Europe: Between Fragmentation and Harmonization
2020
AbstractThe European crowdfunding market is growing rapidly, especially in continental Europe. At the same time, cross-border activities are still constrained. Fragmented markets, especially caused by differences in regulation, are an obstacle to growth of crowdfunding platforms. The European Union introduced the European Crowdfunding Service Provider (ECSP) Regime in 2019. This harmonized regime applies to crowdfunding platforms intermediating equity and debt investments between businesses and retail investors. This chapter discusses evidence on the fragmented nature of the European crowdfunding market, while presenting the ECSP directive, as a critical regulatory initiative towards harmon…
Contractual satisfaction: drivers and implication for theory
2014
The aim of inter-firm relations is to achieve each firm’s objectives. The achievement of these objectives is reflected in firms’ satisfaction. Satisfaction as a concept can be studied at different levels and contractual relations is one such level. Most studies on inter-firm satisfaction have looked at the general level of satisfaction, whose drivers are complex to account for. This study aims to investigate contractual satisfaction from the perspective of some of its key drivers. The main finding suggests that, while ongoing term specificity, contingent adaptability, reputation and trust have a positive influence on contractual satisfaction, opportunism has a negative one.
Checks and balances and international openness
1991
In the course of a long digression within his famous inspection of Plato’s political philosophy, Karl Popper (1945: 121) argues that “the problem of politics” is the following: “How can we so organize political institutions that bad or incompetent rulers can be prevented from doing too much damage?” Popper’s answer is: “the theory of checks and balances”, which he defines as the striving to establish “institutional control of the rulers by balancing their powers against other powers” (122). From that general approach to “the problem of politics”, it follows that democracy is definitely not the rule of the majority, or the sovereignty of the people (a conception that entails various paradoxe…
Does Capital Structure Influence Company Profitability?
2017
Abstract Every company has a different structure of balance sheet. Some of the companies have more liabilities than equity. Considering the industry or debt-to-equity ratio, the balance sheet structure affects the company profitability measured by DuPont system. The main objective of the paper is to analyze the structure of balance sheet and to identify some optimal levels in order to increase company profitability. The DuPont returns like ROA (return on assets) and ROE (return on equity) will be used to measure the company profitability, while the debt-to-equity ratio will be used as a measure (reflection) of capital structure. The samples consist on the most profitable non-financial compa…
L'incidence de la fiscalité sur l'évolution des structures d'endettement des entreprises françaises
2003
The principal purpose of this paper is to determine the incidence of the corporate income taxes which explains directly or indirectly (with an incidence on the traditional variables of the determination of capital structures) the global evolution of capital structures of french firms over the period 1988 and 1998. We provide too the possible reason which justifies why some firms have an evolution of capital structure in the opposite direction or in attenuated way in comparison with the general tendency.
Le capital-investissement
2001
Le capital-investissement intervient dans le financement de firmes nouvelles ou en phase de changement radical, qui diffère du financement par le marché des sociétés cotées, notamment en matière d'asymétrie informationnelle. Les capital-investisseurs s'attachent à réduire ce déséquilibre en évaluant directement le projet à financer et en mettant en place des mécanismes de contrôle appropriés. Dans une première section, sont présentés les liens et les différences existant entre le courant principal de la finance d'entreprise et le capital-investissement. La deuxième section est consacrée aux relations contractuelles existant entre les capital-investisseurs et les entreprises, avant que la dé…
La relation capital - investissement dans les firmes industrielles et commerciales
2000
Après avoir mis en évidence les particularités du capital-investissement, relativement à la finance d'entreprise traditionnelle, et procédé à son analyse dans le cadre théorique de la finance organisationnelle, cet article s'intéresse successivement au comportement des investisseurs dans la phase pré-contractuelle puis aux relations prévalant entre les parties après la mise en place du financement. Ces deux derniers points permettent respectivement de montrer les spécificités de ce type d'investissement dans les phases de sélection et d'évaluation de projets, et d'aborder successivement les aspects relatifs à la gestion a priori des risques moral et patrimonial, le contrôle courant et ex po…
La médecine de ville en France : la grande transformation ?
2016
International audience; La récente loi de modernisation du système de santé a fait du tiers-payant le pilier d’une réforme dite “sociale”. Un détour par l’histoire de la médecine libérale montre toutefois l’ambivalence de cette réforme qui va également dans le sens d’une privatisation plus prononcée de la médecine de ville.
Career development and transitions of athletes : the International Society of Sport Psychology Position Stand Revisited
2020
This paper is a comprehensive update of the International Society of Sport Psychology (ISSP) Position Stand on career development and transitions of athletes issued a decade ago (Stambulova, Alfermann, Statler, & Côté, 2009, ISSP Position Stand: Career development and transitions of athletes. International Journal of Sport and Exercise Psychology, 7, 395–412.). A need for updating the 2009 Position Stand has grown out of the increasing inconsistency between its popularity and high citation, on the one hand, and its dated content that inadequately reflects the current status of athlete career research and assistance, on the other. During the last decade, sport psychology career scholars work…