The present paper contributes to the body of knowledge on search frictions in credit markets by demonstrating their ability to explain why the net interest margins of banks behave countercyclically. During periods of expansion, a fall in the net interest margin proceeds from two mechanisms: (i)...

Compared to most countries, China’s value-added tax (VAT) system is not neutral and makes it less advantageous to export a product than to sell it domestically, as export - ers may not receive a complete refund on the domestic VAT they have paid on their inputs. However, the large and frequent...

Using a unique panel of household businesses for Vietnam, this paper sheds light on the links between households’ and entrepreneurs’ social networks and business performance. We address two related questions. One first question asks if we can find evidence of a differentiated effect of...

The development of shale gas and oil in the United States is a major event in the energy sphere, but also in the dynamics of globalization and geopolitics in the coming decades. This evolution is an alert for Europeans as regards their energy policy, as well as their industrial policy. It...

Quel est le métier d’un Professeur d’université et, plus spécifiquement, d’un Professeur de Management aujourd’hui ? Quelles sont ses diverses fonctions ? Quel est le véritable portefeuille d’activités d’un Professeur de Management au 21e siècle, à l’heure où la diffusion...

This article focuses on the calculation of the optimal stock-out risk for a component, which is used by alternative modules mounted on several assembly lines. The studied context is a supply chain dedicated to the mass production of highly diversified products, which is common in the automotive...