This paper investigates the impact of family control on French acquirers' performance.We consider a sample of 239 acquisitions undertaken by French listed companies between January 1997 and December 2006. Comparing both, short-termand long-termperformance,we find that family-controlled firms...

This paper applies to adverse selection theory the advances made in the field of ambiguity theory. It shows that i) a relevant second-best contract induces no production distortion considering the efficient agent as in the standard case. But the principal has to pay a higher information rent...

The purpose of this study is to introduce the board of directors as a signal of firm quality to abate information asymmetry. This study is based on agency theory and signaling theory to suggest that the existence of properly structured board at the time of the IPO may signal high firm quality to...

This paper deals with contractual design and vertical relationships within a franchise chain, in the field of the literature on share contracts. Within a double-sided moral hazard, the contract sharing the profit generated by the vertical decentralized structure results from the necessity to...

Avec le management de la connaissance, le problème est de savoir si l'on serait face à un modèle organisationnel ou un thème organisationnel ? Dans le premier cas, les comptabilités doivent se plier aux contraintes normatives du modèle organisationnel alors que, dans le second, son champ...

In logistics, freight transportation is a major source of income in a country's economy. One of the most popular strategies is logistics sharing, which is a complex problem due to the involved stakeholders. Moreover, the current several transport operations are extremely expensive due to the...

This paper explores the contribution of communal structures such as Communities of Practice (CoPs) on intraorganizational Knowledge Management (KM). First, we look at intraorganizational knowledge management and explore the role that information systems can play. We introduce the idea of...

Faced with strong environmental issues, the agricultural sector has to revise deeply its aims and performance criteria. Numerous methods have been proposed to involve heterogeneous stakeholders in farming system design, and several authors highlight the importance of reflexivity in such...

la réalité de l'entreprise : la connaissance est un enjeu économique majeur de demain. Créer, capitaliser et partager son capital de connaissances est une préoccupation de toute organisation performante. Mais cerner ce qu'est vraiment la gestion des connaissances dans une organisation n'est...

The two main objectives of the project are: *) Knowledge capitalisation : to integrate the huge amount of knowledge accumulated by EDF during those last twenty years on safety, summarised in the APE (Approche Par Etats, State-oriented Approach), methodology which is an approach based on the...