Internet is a very attractive technology for experiments implementation, both in order to reach more diverse and larger samples and as a field of economic research in its own right. This paper reports on an experiment performed both online and in the laboratory, designed so as to strengthen the...

This paper examines the motivations for large firms to choose an Islamic loan over a conventional loan and the recent expansion of Islamic finance activities. We employ a dataset of Islamic and conventional syndicated loans from countries in the Middle East and Southeast Asia for the period...

This paper investigates the performance of 56’723 individual investors using a large French database between 1999 and 2006. In accordance with previous studies, investors in our sample exhibit poor performances and the securities bought are less profitable than the securities sold on the whole...

We build a new measure of investor sentiment only based on changes in diversi?cation levels of individual investors? portfolios. The dynamics of the number of different stocks in portfolios is modelized as a Markov chain. We measure investor sentiment as the area above the cumulative...

The Arab Spring is expected to enhance the weak quality of institutions in MENA countries. We show in this paper how these changes can contribute to favor the expansion of Islamic finance by analyzing the role of quality of institutions on cost efficiency of Islamic and conventional banks. We...

Economic integration on the EU banking markets is expected to favor competition, which should provide economic gains. However, even if there is a commonly accepted view in favor of enhanced bank competition during the last decade, no study has been performed in the 2000s showing this trend. In...

This paper explores the idea to regulate retailing industry through a tax on the store parking size. In Western economies, retailers use common resources (land use, road networks) contributing to the store accessibility that they do not pay for. This kind of free riding gives gross merchandisers...

Après avoir brièvement rappelé les raisons par lesquelles la théorie économique justifie traditionnellement le recours au péage urbain, l’article examine les principaux éléments qui expliquent les résistances des agents économiques, afin d’en comprendre les fondements économiques....

The main aim of this paper is to find the legal characteristics that impact on the recovery rates. Previous studies (LLSV, Doing Business Report, World Bank) have usefully used a set of legal indexes to rank the bankruptcy law prevalent within the country. But they fail to identify the...

This paper considers whether information asymmetries affect the willingness of foreign banks to participate in syndicated loans to corporate borrowers in China. In line with theoretical literature, ownership concentration of the borrowing firm is assumed to influence information asymmetries in...