We study how managers respond to hurricane events when their firms are located in the neighborhood of the disaster area. We find that the sudden shock to the perceived liquidity risk leads managers to increase corporate cash holdings and to express more concerns about hurricane risk in...

This article analyzes the university's role in the reconstruction of Haiti through an economic perspective. To rebuild themselves, Haitians need to be able to realize their dreams and meet their own needs, while fighting the behavioral bias created by the assistantship. By studying the...

Microfinance has made and continues to do a lot of debate. In these debates, an under-documented aspect is the impacts on recipients’ behavior. Through an empirical study on a sample of 500 beneficiaries of microfinance in Haiti, we mobilize the new theoretical framework of institutional...

English Abstract: [Social Agency matters! - African and Chinese entrepreneurs as agents of change] - The book reviewed, edited by Laurence Marfaing and Karsten Giese, documents a research project, on-going since six years, at the German Institute of Global and Area Studies (GIGA-Hamburg) which...

This paper shows that social interactions can induce families of migrants to care about hierarchical social status because it serves as a signal device of non-observable income. Hence , a concern for social status induces theses families to engage in conspicuous consumption in order to signal...

Nudge is a semantically multifarious concept that originates in Thaler and Sunstein's (2008) popular eponymous book. In one of its senses, it is a policy for redirecting an agent's choices by only slightly altering his choice conditions, in another sense, it is concerned with bounded rationality...

The recent crisis should not be used to prouve the failure of the entire financial system. Global banking systems are regulated by rules, that have not been applied correctly all over the place. And just one "hole" in the regulatory net is sufficient to make it useless.

We study the impact of foreign banks' presence in Central and Eastern Europe's countries on their economic development and on the financial crisis they went through. We show that, despite a certain vulnerability of the domestic banking systems, the consequences of the opening of the banking...

It is likely that such a crisis could not be born somewhere else only in the United States. The "current financial disaster" is the fruit of the combination of specific factors in the US, where elements were gathered to catalyse such a crisis, like, someway, some "primal soup" where were...