Search results for "finance"

Influence And Leadership

2015

Abstract Because leadership is known as the process of influencing others and not only that but determining them to act in order to achieve goals, the article above emphasizes the importance of communication in this process. By understanding the essence of leadership, managers will be effective communicators and so more effectively leading their organizations through projects.

Energizing Collaborative Industry-Academia Learning: A Present Case and Future Visions

2022

AbstractIn Industry-Academia Collaborations (IAC) both academic, scientific research results and industrial practitioner findings and experiences are produced. Both types of knowledge should be gathered, codified, and disseminated efficiently and effectively. This paper investigates a recent (2014–2017) large-scale IAC R&D&I program case (Need for Speed, N4S) from a learning perspective. It was one of the programs in the Finnish SHOK (Strategic Centres of Science, Technology, and Innovation) system. The theoretical bases are in innovation management, knowledge management, and higher education (university) pedagogy. In the future, IAC projects should be more and more commonplace sinc…

The Impacts of LBOs on the Performance of Acquired Firms: The French Case

2002

This paper investigates the financial characteristics and changes in performance of French companies involved in a leveraged buy-out. The empirical study covers a sample of 161 MBOs in France from 1988 to 1994. The acquired firms outperform their counterparts in the same sector of activity before and after the buy-out. However, unlike findings concerning LBOs in the USA and the UK, the performance of French firms falls after the operation is completed. This downturn in performance seems to be less detrimental to former subsidiaries of groups than to former family businesses.

Empirical links between natural mortality and recovery in marine fishes

2017

Probability of species recovery is thought to be correlated with specific aspects of organismal life history, such as age at maturity and longevity, and how these affect rates of natural mortality ( M ) and maximum per capita population growth ( r max ). Despite strong theoretical underpinnings, these correlates have been based on predicted rather than realized population trajectories following threat mitigation. Here, we examine the level of empirical support for postulated links between a suite of life-history traits (related to maturity, age, size and growth) and recovery in marine fishes. Following threat mitigation (medium time since cessation of overfishing = 20 years), 71% of 55 tem…

Life-cycle effects in small business finance

2017

This paper studies the life-cycle profiles of small firms’ cost and use of credit using a panel of Finnish firms. The choice of method matters for the conclusions drawn about the relationship between firm age and financing costs; the cross-sectional age profiles of financing costs are hump-shaped and consistent with hold-up theories, whereas methods that control for cohort fixed effects demonstrate that the financing costs decrease monotonically as the firms mature. The life-cycle profiles of the use of credit also indicate that firms are more dependent on financial intermediaries in the early periods of their lives. Furthermore, the cohorts born during recessions pay higher financing costs…

Essays on the economics of small business finance

2013

DISCRIMINATIONS ETHNIQUES DANS L’ACCES AU LOGEMENT: UNE EXPERIMENTATION EN NOUVELLE-CALEDONIE

2016

Dans cette étude, nous mesurons les discriminations dans l’accès au logement dans le GrandNouméa, selon l’origine ethnique, en distinguant les origines kanak et européennes, et selon lequartier de résidence. Entre octobre 2015 et février 2016, nous avons répondu à 342 annonces enprésentant 4 candidats à la location pour chaque annonce, soit 1368 réponses à des annoncesimmobilières. Deux de nos candidats signalent par leur patronyme leur origine kanak, deuxsignalent une origine européenne. Dans chaque paire, un candidat donne un signal de stabilitéfinancière et professionnelle en indiquant explicitement qu’il est fonctionnaire. L’étude consiste àexploiter statistiquement ces données en les c…

LES DISCRIMINATIONS DANS L'ACCES AU LOGEMENT A PARIS : UNE EXPERIENCE CONTROLEE

2017

Nous mesurons les discriminations liées à l’origine dans l’accès au logement du parc locatif privé parisien à l’aide d’un protocole expérimental qui nous permet de façon très simple d’identifier les causes des discriminations (préférences des loueurs ou imperfection de l’information). Entre début avril et fin mai 2016, nous avons envoyé quatre messages sollicitant la visite d’un logement en réponse à 504 annonces immobilières, ce qui, au total, correspond à l’envoi de 2016 messages. Deux de nos individus fictifs signalent par leur patronyme une origine française, les deux autres suggèrent une origine maghrébine. Au sein de chaque paire de candidats de même origine, un individu envoie un sig…

Outlying location of logistics activities : the example of the Burgundy in France

2015

International audience; This paper contributes to the understanding of spatial location of logistics activities in an outlying region. A quantitative analysis in Burgundy (French region) underlines the important polarization of warehousing developed in a limited area during 1980–1990s intensified during 2000s. The companies that locate their warehouses in Burgundy have different strategies that could explain this outlying location. For example, the low cost of land, favorable terms of tax system and the presence of a labour pool with an important unemployed rate incentive could incentive some companies to locate their warehouses in an outlying region like the Burgundy.

The relationship between credit ratings and asset liquidity: Evidence from Western European banks

2020

This study examines the role of asset liquidity in Western European banks’ credit rating downgrades and upgrades over the 2005–2017 period. The results suggest that changes in bank credit ratings have been more favorable for banks that have a liquid asset portfolio. Furthermore, asset liquidity has a stronger effect on the credit rating of banks that already have an illiquid asset portfolio. In contrast, the effect is significantly smaller or nonexistent for the most liquid banks. These results imply that the new liquidity regulation introduced by the Basel III requirements will improve the stability and hence decrease the fragility of the European banking sector. Furthermore, the benefits …