In this text, Prof. Willekens reports on the reflections proffered by the chair (John Hegarty) and two of the guest speakers (Stan Beckers and Eric De Keuleneer) at the occasion of the second seminar, 2000- 2001, of the PwC Chair Value and Risk. The seminar tools place on February 22, 2001, and...

There is an acute and growing awareness across the international investment community that annual reports and accounts currently provided too much emphasise on accounting profit - financial data, and that they are typically out of date before they are released. This is in a large part due to the...

Multinational corporations are increasingly seen as excessively big and powerful, and as having dramatically increased in size and power. This perception has led to the view that the big corporations are threatening democratic institutions of the nation-states and that they pervert the cultural...

This paper focuses on the seasonal predictability of stock market returns. we investigate the statistical significance of predicting stock returns from several calendar dummies. Our main findings, using monthly stock market returns from Belgium. Germany, the Netherlands, UK and US, are that the...

This paper assesses the impact of trade and technology on Belgian industrial employment. A framework is developed which incorporates employment effects of (i) export expansion (ii) impost competition and (iii) labour saving productivity improvements. In this context, evidence is found for the...

In this article we describe three types of applications of information technology in marketing. These are (1) applications that focus on improving the efficiency of marketing processes; (2) applications that focus on improving the effectiveness of marketing management; and (3) applications that...

The purpose of this paper is to present a perspective on the ways in which an independent accountant can contribute to the management of risk in a business organization. Business conditions and challenges have heightened the interest in risk management by many stakeholders. Independent...