In dit artikel rapporteren we de resultaten van een schriftelijke rondvraag bij 370 Belgische bedrijven naar prijszetting en kostprijsberekening in de praktijk. Hierover bestaan er reeds verscheidene internationale studies, maar voor België is dit niet het geval. De ondernemingen in onze...

Service Level Agreements (SLAs) enclose the conventions between a service provider and a customer about the minimal acceptable service delivered. Despite the managerial importance of these agreements there are little writings outside the IT on this topic. This article gives an overview of the...

This paper argues that institutional investors may have a positive effect on stock prices. This effect realizes through different mechanisms: institutional investors reduce information asymmetries between firms and (other) investors, contribute to the liquidity of the company’s stock and...

Volgens bepaalde schattingen wordt in de VS ongeveer één dollar op acht ethisch geïnvesteerd. In Europa bereiken we zelfs niet 1%. Dit verschil heeft te maken met een strengere invulling van de notie ‘ethische investering’ in Europa en de relatieve afwezigheid van de institutionele...

An indirect estimator of the stochastic volatility (SV) model with AR(1) logvolatility is proposed. The estimator is derived as an application of the method of indirect inference (Gouriéroux, Monfort and Renault (1993)), using an auxiliary SV model that mimics the SV model of interest (which...

This paper reviews the theory and recent empirical studies on privatization, with a special focus on the efforts made in the case of China. Over the last decade, the Chinese government has initiated major privatizations in an attempt to promote more efficiency and improve the financial and...

The design of capital structure in quoted companies has received much attention in the academic literature. Using panel data from quoted as well as non quoted Belgian companies, this paper investigates not only the determinants of capital structure, but also the influence of a stock listing on...

This study compares evolutions in consumer confidence and political trust in 11 European countries from 1985 to 2003. Both indicators tend to show a remarkable convergence. Belgium is the only country where we did not at first find the expected relation, but the relation reappeared once a period...

CAPWe show that the results of a CAPM test are quite sensitive to the details of the test design. Especially crucial are the aspects related to the weight one gives to small, low-reputation stocks when constructing both the factor portfolios and the test or style portfolios whose returns are to...

We present selected results in experimental economics with relevance for market regulation and derive from them concrete insights that could be interesting for regulating authorities. For those readers that are new to experimental economics, the purposes and advantages of economic experiments...