Purpose - Institutional investors use the information disclosed by listed companies to analyze the performance of their investments. The purpose of this paper is to open the "black box" of the construction of financial disclosure by analyzing the internal reporting systems of firms with...

The demand of management control information (MCI) and its use by Venture Capitalists (VC) are examined through a qualitative study. The VC, active investor concerned with investment return, may be interested by information traditionally reserved to the manager. The results show that the VC are...

The institutional investors wish to have management control information, more relevant to inform them about the future value of their investment. Still, this information comes from the internal reporting systems of the firms. This paper suggests analyzing, in the form of a qualitative study, the...

Les entreprises cotées communiquent des informations à leurs investisseurs institutionnels au travers de leur reporting interne. Cet article se propose de confronter, grâce à l'utilisation d'indices, la qualité des pratiques de communication financière et des systèmes de reporting des...

(VF)L’exigence d’informations de gestion et leur utilisation par le capital investisseur (CI) sont appréciées grâce à une étude qualitative. Le CI, investisseur actif et soucieux de la rentabilité de son placement, peut être intéressé par une information traditionnellement...

In this paper, we shed light on the selection of the benefi ciaries from the French competitiveness cluster policy which was launched in 2005 and extended to 2012. We disentangle the selection and self-selection eff ects, as emphasized in the theoretical literature on regional and industrial...

Will employment instability be the employment pattern tomorrow? Many studies support this view which is first discussed on the basis of various statistical studies already carried out. A general trend of employment instability is not proved to be true by statistical data. These data show that...

Analyse de l'accaparation d'actifs (asset grabbing) lors des privatisations, sur les marchés financiers et dans le "shadow banking"par des oligarques comme émergence d'une économie où le "gagnant rafle tout" (winner take all) formant un secteur "cupidaliste". Son apparition dans l'économie...

In 1998 the Fifty-first World Health Assembly passed the "health-for-all policy for the twenty-first century". During this assembly the Member States of the World Health Organization (WHO) reaffirmed their commitment to the principle that "the enjoyment of the highest attainable standard of...

A government agency delegates to a provider (hospital, medical gatekeeper, school, social worker) the decision to supply a service or treatment to individual recipients. The agency does not perfectly know the distribution of individual treatment costs in the population. The single-crossing...