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theories, diversification is seeking by managers.Furthermore, recent empiric evidences show that corporate diversification is … valuedestructive for shareholders. Using classical OLS methodology with diversification,management ownership and performance variables … uniquesense of causality. In particular, firm diversification is supposed to impact firmperformance without considering the …
Persistent link: https://www.econbiz.de/10008792185
Our research started with the following question: have longstanding family businesses been conducting sustainable development policies long before the word became a fashion. After presenting our methodology, we investigate the sustainable development concept and review the family business (FB)...
Persistent link: https://www.econbiz.de/10010821427
During the last decade the air transport market was marked by the emergence and development of the low cost carriers (LCCs). The LCCs market share in Europe was indeed multiplied by 3 in 4 years, going from 5% in 2002 to 16% in 2006. This major change in the air transport market has strongly...
Persistent link: https://www.econbiz.de/10010820457
Expected Shortfall (ES) has been widely accepted as a risk measure that is conceptually superior to Value-at-Risk (VaR). At the same time, however, it has been criticized for issues relating to backtesting. In particular, ES has been found not to be elicitable which means that backtesting for ES...
Persistent link: https://www.econbiz.de/10010821003
Risk diversification is the basis of insurance and investment. It is thus crucial to study the effects that could limit … occurrence, systemic risk can reduce dramatically the diversification benefits. It is clearly revealed via a non …
Persistent link: https://www.econbiz.de/10010899196
des entreprises en termes de diversification et de recentrage. …
Persistent link: https://www.econbiz.de/10011025912
L'objectif de cet article est de repérer les mouvements de recentrage et de diversification des entreprises non …
Persistent link: https://www.econbiz.de/10011026070
This paper presents a characterization of weak risk aversion in terms of preference for sure diversification. Similarly …, we show that strong risk aversion can be characterized by weakening preference for diversification, as introduced by … Dekel [11], in what we name preference for strong diversification. …
Persistent link: https://www.econbiz.de/10010750576
We survey the phenomenon of the growth of firms drawing on literature from economics, management and sociology. We begin with a review of empirical "stylised facts" before discussing theoretical contributions. Firm growth is characterized by a predominant stochastic element, making it difficult...
Persistent link: https://www.econbiz.de/10010750933
, de nombreuses modifications des systèmes de production périurbains et une diversification des revenus des populations …
Persistent link: https://www.econbiz.de/10008789372