German Abstract: Das neue Recht hat keine konkrete Regel zur Rechnungslegung von Forschungs- und Entwicklungskosten (F&E-Kosten). Zwar enthält Art. 959 Abs. 2 OR die allgemeinen Bilanzansatzkriterien, doch für ein komplexes Thema wie F&E liefert diese Bestimmung kaum Anhaltspunkte....

The object of this chapter is to explain the decline of the law of contract in matter of bankruptcy. The historical evolution of the law of bankruptcy shows that this decline is gone by three phases : the phase of the natural law based on the nature to solve the conflict ; the phase of the...

The theoretical literature on the modes of the default and its implications on the rate of the default distinguishes two rules: the rule of the discharge allowing to exempt the debtor in case of failure and the rule of obligation of repayment of the debts by the debtor. Several theoretical...

In this article, we develop the various theories which explain the determinants of the bankruptcy of the entrepreneur and the justifications of law to allocate this risk. We distinguish the theories from impulsive behavior or irrationality, the bad luck and the capacity to evaluate the risk of...

Board of directors independence has been a focus for a large series of studies in finance. The overall evidence suggests that independence has no or negative effect on firm performance. Director accountability constitutes a second topic of research, in law and economics. Two distinctive models...

Cet article porte sur les transformations en cours du corporate governance au Japon, domaine d'observation privilégié de la crise nippone au cours de la décennie quatre-vingt-dix. Ce travail s'inscrit dans un courant plus large de travaux cherchant à analyser la transition d'un système de...

(VF)Le présent article résume les propositions des acteurs du système de gouvernance américain en 2002 et s'intéresse au mythe de la transparence. Le moment est bien choisi pour approfondir la recherche sur ce sujet parce que la mondialisation des marchés est en train de conduire à la...

(VF)Afin d’apporter un nouvel éclairage aux études antérieures sur l’absence de réaction boursière à l’annonce publique d’un activisme actionnarial, cet article cherche à déterminer les aménagements organisationnels entrepris pour réduire la visibilité de la cause...

The paper's purpose is to propose a typology of minority shareholders' activism in France. With the corporate governance theory, we study minority shareholders' activism. We identify their investment decisions, their abilities to collect and treat information and their power to control. The...

During the last decade, there was a growing body of case law of lender liability in the United States and France. This doctrine, whose prime goal is to protect investors against opportunism by banks, limits the involvement of banks in the management of commercial firms. This article explores the...