This paper centers around the question of ownership of firms and managerial competition and how these affect managers and employees' incentives to invest in human capital. We argue that employees' incentives in human capital investment are affected by both ownership and competition since both...

An important aspect of Total Quality Management is to inspect work in process after each operation. One of the reasons to do this is that a quick feedback to the operator of the information gathered during inspection can greatly help in improving quality levels at that operation. This paper...

This paper outlines the various issues involved in financial crisis management in the EU, highlighting both the role of the private sector and the policy options which the authorities may choose to address a specific situation. It is the follow-up to the EFC's report on financial stability,...

Le management en context de changement technique transforme les interactions interindividuelles dans l'entreprise. La traduction des objectifs strategiques a tous les niveaux hierarchiques est ici analyse, de maniere quatitative, a travers la situation de deux entreprises de production des biens...

An important aspect of an organizational form is the extent to which it allows observation of payoff relevant environmental variables. For example, a firm operating in two locally separated markets can choose between appointing a central manager or two lacal managers. It is plausible that in the...

A venture capitalist faces a trade-off between the extent of managerial advice allocated to each start-up and the total number of firms advised. Diminishing returns to advice per firm call for a larger portfolio. As advice gets diluted, further expansion of the portfolio eventually becomes...

In this study, we focus on firms that are listed on foreign exchanges from six countries: France, Germany, Italy, Switzerland, The Netherlands and U.K. to provide some insights into the following questions: (1) what are the major perceived costs and benefits of foreign listing? (2) What are the...

Dans le domaine de la recherche en entrepreneuriat et en gestion de la PME, le paradigmes ont-ils evolue?