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L'effet papillon : une forme d'apprentissage par l'échec ?
Cusin, Julien - Université Paris-Dauphine (Paris IX) - 2006
Persistent link: https://www.econbiz.de/10010707958
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A trapped-factors model of innovation
Bloom, Nicholas; Romer, Paul M.; Terry, Stephen J.; Van … - London School of Economics (LSE) - 2013
We explain a counterintuitive empirical finding: Firms facing more import competition do more innovation. In our model, factors are trapped inside a firm. An increase in import competition encourages a firm to innovate by reducing the opportunity cost of inputs. Without trapped factors, trade...
Persistent link: https://www.econbiz.de/10011126195
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Echec d'un projet isolé et processus d'apprentissage
Cusin, Julien - Université Paris-Dauphine (Paris IX) - 2007
This paper deals with projects’ performance. To be more precise, we endeavor to redeem the concept of commercial failure, by making a critical appraisal of certain works on innovation journey. We show that product innovation is not always characterized by a stream of interdependent projects....
Persistent link: https://www.econbiz.de/10011171592
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Ownership structure, debt, and private benefits in controlled firms
de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2011
conflict between outside and controlling shareholders. It may self-regulate the two parties involved in a control contract. The …
Persistent link: https://www.econbiz.de/10010707651
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Efficiency of French privatizations: a dynamic vision
Gérard, Charreaux; Alexandre, Hervé - Université Paris-Dauphine (Paris IX) - 2004
We interpret privatization in light of corporate governance theory. After replicating some traditional tests, we test … whatever positive value accrues from privatization is affected by the contextual, organizational, governance, and strategic … variables that influence the privatization process. …
Persistent link: https://www.econbiz.de/10010708641
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Optimal hedging strategies and interactions between firms
Loss, Frederic - London School of Economics (LSE) - 2002
This paper studies corporate risk management in a context with financial constraints and imperfect competition on the product market. We show that the interactions between firms heavily affect their hedging demand. As a general rule, the firms’ hedging demand decreases with the correlation...
Persistent link: https://www.econbiz.de/10010745252
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The Impacts of Corporate Governance On the Performance of Privatized Firms In Vietnam
Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2008
, Nash and Van Randenborgh (MNR 1994) by using the Wilcoxon and proportion tests to compare the pre- and post-privatization … studies, it has its shortcomings. Indeed, this method is unable to isolate the impact of privatization on firm performance … employed in this paper. Both approaches confirm that privatization in Vietnam brings about significant improvement in most …
Persistent link: https://www.econbiz.de/10010706886
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New Evidence on the Remedies of the Greek Sovereign Debt Problem
APERGIS, Nicholas; COORAY, Arusha - London School of Economics (LSE) - 2013
The goal of the present paper is to investigate not only the dynamics of the Greek public debt, but also what are the appropriate measures required for achieving fiscal consolidation. The empirical estimation is carried out using a macroeconomic dataset spanning the period 1980-2008 and both the...
Persistent link: https://www.econbiz.de/10010735153
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New evidence on the remedies of the Greek sovereign debt problem
Apergis, Nicholas; Cooray, Arusha - London School of Economics (LSE) - 2013
The goal of the present paper is to investigate not only the dynamics of the Greek public debt, but also what are the appropriate measures required for achieving fiscal consolidation. The empirical estimation is carried out using a macroeconomic dataset spanning the period 1980-2008 and both the...
Persistent link: https://www.econbiz.de/10010745161
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Portfolio credit risk of default and spread widening
Zhao, Hongbiao - London School of Economics (LSE) - 2011
This paper introduces a new model for portfolio credit risk incorporating default and spread widening in a simple and consistent framework. Credit spreads are modelled by geometric Brownian motions with a dependence structure powered by a t-copula. Their joint evolution drives the spreads...
Persistent link: https://www.econbiz.de/10010745286