French abstract: Dans le présent papier, nous essayons d’étudier les actions de la bourse régionale de valeur mobilière (BRVM) tout en mettant en relief le modèle de Fama-French et les dérivés du modèle d’évaluation des actifs financiers (MEDAF). Les résultats montrent que le...

Already evoked in the years 1970 by American economists such as Sargen, the concept of country risk returned to the front of the economic scene following the financial crises of the years 1990.The concept of country risk is not new insofar as it is inherent in the swaps between two economic...

French Abstract: Nicolas Firzli nous fait partager certains des travaux menés par le World Pensions Council (WPC) et résume ici une partie des interventions du G7 Pensions qui s'est tenu fin août dernier, en marge du Sommet du G7 de Biarritz. Il livre des pistes de réflexions précieuses...

English Abstract: Following the COP21 Summit, we've reached a point in economic history where real change can be expected – even if policy makers are unable or unwilling to curb the activities of oil companies in the United States… It's likely oil companies won't be in a position to reverse...

We study portfolio allocation and characterize contracts issued by firms in the international financial market when investors exhibit ambiguity aversion and perceive ambiguity in assets issued in foreign locations. Increases in the variance of their risky production process cause firms to issue...

In this paper, we try to build an efficient portfolio among four possible portfolios based on the some 31 Casablanca listed shares. Our analysis concerns the risk which arises from the Markowitz mean-variance approach. Our work method will be implemented as following: first of all, we will test...

The performance measurement of portfolio managers is a topic of major importance in finance. The utility of performance measures rests, indeed, on the hypothesis that funds whose performance is judged " good " (or " bad ") in the past, will continue to display of good (bad) performances in the...

The financial market interest several researchers, especially in the domain of assessment of the financial assets and their performances. The previous research identified several anomalies of the market, as size, Monday, January, PER effects, etc. putting in question the notion of market...

The management of financial risks, which is a branch of financial theory, is defined as a process that begins with risk factors identification, continues with measurement of risk and concludes with the coverage of that risk. This work focuses on the second phase of management process, namely the...

The financial market interest several researchers, especially in the domain of assessment of the financial assets and their performances. The previous research identified several anomalies of the market, as size, Monday, January, PER effects, etc. putting in question the notion of market...