Alors que la cessation d’activité professionnelle induit certaines ruptures notamment dans la gestion et la perception individuelle du temps, une étude qualitative explore les liens entre l’évolution de la perception temporelle des individus et l’expérience personnelle de la retraite....

This paper analyses current career development practices due to the decrease aí job opportunities: 1. the lack of excellence in Business Administration programs; 2. the work market turbulences and 3. the growth of part-time jobs. Deep transformations are necessary in order to change the future...

The subject matter on ethics has been recovered from philosophy due to the frequency that young executives show egotistic attitudes in detriment to concern towards others. This egocentric attitude leads to the vanishment of interest for the institution itself. On the other hand, the...

Bitcoin is a major virtual currency. Using weekly data over the 2010-2013 period, we analyze a Bitcoin investment from the standpoint of a U.S. investor with a diversified portfolio including both traditional assets (worldwide stocks, bonds, hard currencies) and alternative investments...

Minimum variance and equally-weighted portfolios have recently prompted great interest both from academic researchers and market practitioners, as their construction does not rely on expected average returns and is therefore assumed to be robust. In this paper, we consider a related approach,...

We introduce a bond portfolio management theory based on foundations similar to those of stock portfolio management. A general continuous-time zero-coupon market is considered. The problem of optimal portfolios of zero-coupon bonds is solved for general utility functions, under a condition of...

Shareholder agreements govern the relations among shareholders in privately held firms, such as joint ventures and venture capital-backed companies. We provide an economic explanation for key clauses in such agreements—namely, put and call options, tag-along and drag-along rights, demand and...

In this note, we consider an economy with heterogeneous agents, differing by their time preference rate and by their beliefs. We show that at the Pareto optimum, the representative agent exhibits interesting behavioral properties. More precisely, starting from a standard model with expected...

Using data from 319 microfinance institutions (MFIs) in 68 developing countries, we study the degree to which international debt investments are related to the financial and social performances of MFIs. We find that commercial investments are mainly related to financial performance and level of...

This study reconsiders the problem of hedging a liability by a portfolio made of a riskless asset and an underlying (underlying).