Including real options in firms ’ value raises numerous difficulties. Limitations concerning the relevance of option pricing models outside financial markets are the most salient, but carrying out a valuation implies other assumptions, especially on firms’ governance. In particular,...

Despite a large body of literature on the topic and the continuously improving understanding of professionals, real options are not widely used to value firms. Numerous assumptions have been raised to explain the various obstacles to their adoption. Limits concerning the relevance of option...

The French wholesale market is set to expand in the next few years under European pressure and national decisions. In this paper, we assess the forecasting ability of several classes of time series models for electricity wholesale spot prices at a day-ahead horizon in France. Electricity spot...

Dans ce chapitre, l'auteur traite de la délimitation comptable d'un groupe, des méthodes d'élaboration des comptes de groupe et de leur présentation.

Rappels de cours, questions et exercices avec leurs corrigés

Rappels de cours, questions et exercices avec leurs corrigés

The question of financing innovative small business is determinant in the current context. Giving the share that they represent in the market, they contribute to increase productivity of the economy. The problems of financing the SME’s are related to the almost intangible specificity of their...

In this paper, the author proposes to address the problem of development via the performance of innovation systems. He thus calls for a better understanding of the structures and dynamics of socio-technical regimes in order to improve public policies supporting innovation. These clarifications...