29 articles in this issue
Moez Khalfallah, Bruno-Laurent Moschetto, Frederic Teulon
This paper examines changes in profitability of 146 CVC listed on the French market. The results show disappointing post-IPO profitability. The decline in performance ranges from 9.5% to 32% over a two-year period following the launch on the stock exchang... see more
Lhoussaine Ouabouch, Gilles Pache
Along any supply chain, a multitude of more or less critical incidents may prevent a company from obtaining the expected level of logistical performance. Knowing how to anticipate and manage supply chain risks is therefore an important approach to maintai... see more
Lehanri Saayman, Sanlie L. Middelberg
The South African labor market was recently characterized by violent and hostile labor strikes by workers demanding exorbitant wage increases. These demands and violent protests overflowed to the agricultural sector, followed by an announcement of a 51% i... see more
Salma Fattoum, Khaled Guesmi, Bruno-Laurent Moschetto
This paper employs a conditional version of the International Capital Asset Pricing Model (ICAPM) to investigate the determinants of regional integration of stock markets in Latin America and Asia over the period 1996-2008. This model allows for three sou... see more
Laurent Scaringella
This article examines the high-tech cluster of Grenoble in the light of regional studies. In particular, we explore the geographic scope of organizations, knowledge flows and risk perceptions. Using a large quantitative dataset, we observe that trial-driv... see more
Aregbeshola R. Adewale
Credit consumptions are as old as human creation. Evidence suggests that more than two third of the consumer population in the developed world lives on credit, and the volume of trade credits have grown steadily over the past decade. The increase in credi... see more
Nicholas Apergis
Economic theory predicts that investing in renewable energy should generally have a negative effect on risk-taking in financial portfolios, which can affect the optimal design of a wide variety of financial and insurance policies. However, there is no emp... see more
Marc Prieto
This study investigates the differences between professional retailers and amateur resellers in their adoption of different price ending formats. We conduct our analysis on a 1,700 ads car pool representative of the French used car market to demonstrate h... see more
Phocharapol Srisamran, Vichita Vathanophas Ractham
As the pace of todays world increases with advances in technology and globalization, the heat of rivalry and competition in the business world is also rising. It is a wake-up call for many firms that they can no longer just convince customers to buy whate... see more
Ahmad Ali Salih, Loay Alnaji
The research explores the effect of talent management on improving organization reputation through exploring the relationship between talent management variables (discover, inspire, transform) and reputation variables (self-enhancement, self-verification,... see more
Chiraz Ben Ali
This study investigates the relation between corporate governance and disclosure quality in a context of principal-principal conflicts and poor investor protection. Overall, the empirical results suggest that minority expropriation risk harms disclosure q... see more
Sihem Dekhili, Mohamed Akli Achabou
This research explores the country of origin effect on the evaluation of ecolabelled products. Findings from experimentation indicate that the mention of a country of origin with favorable image in terms of sustainable development has a neutral effect on ... see more
Thomas Smith, Adrian Valencia, Ara Volkan
Currently, the grant date fair value of employee stock options is expensed over the vesting period. Our study introduces a new valuation approach for stock options and examines the impact of this change on earning per share (EPS) for a sample of firms ove... see more
Rashidah Abdul Rahman, Mazni Yanti Masngut
The current study uses CAMEL (Capital Adequacy, Asset Quality, Management Quality, Earnings Efficiency, and Liquidity) ratings system, with the addition of Shariah Compliance Ratio (CAMELS) in order to detect the financial distress of Islamic banks in Mal... see more
David L. Senteney, Grace H. Gao, Mohammad S. Bazaz
In this study, we conjecture that non-U.S. firms, choosing to be listed on the major U.S. exchanges, will incur the added costs associated with the supplemental disclosure requirements in order to get that information impounded in the home country equity ... see more
Houssam Bouzgarrou, Wael Louhichi
Few studies distinguish between the method of payment and the means of financing in mergers and acquisitions. This paper aims to test if the financing means has incremental information beyond that contained in the payment means. To answer this question, w... see more
Liliane Bonnal, Xavier Moinier
The objective of this paper is to identify the characteristics of what makes retail pharmacies able to guarantee and ensure better customer satisfaction. We have identified the core attributes of retail pharmacies as well as the factors that can contribut... see more
Rey Dang, Anne-Francoise Bender, Marie-Jose Scotto
Our research aims at exploring individuals characteristics of women on Boards in the French context. In the first part of our paper, we discuss the different theoretical frameworks which supported the business case of gender diversity on Boards of Directo... see more
Mathieu Gomes, Anissa Chaibi
Frontier markets are increasingly sought by investors in search of higher returns and low correlation with traditional assets. As such, it is important for financial market participants to understand the volatility transmission mechanism across these mark... see more
Sungkyu Sohn, Yunsook Oh, Minjung Kang, Changhyun Bae
This study investigated the relationship between CEO changes and information asymmetry. In the first year after a CEO change, management ability is evaluated in an atmosphere of high pressure and scrutiny regarding company performance. In such circumstanc... see more
Tsing-Zai Wu, Pin-Sheng Lee
Information transparency is a popular topic in capital markets. A firms corporate governance policy, which influences its disclosure behavior and disclosure quality, influences the information transparency perceived in relation to that firm. It was previo... see more
Youngkyun Park
This paper investigates whether public pension plans risk-taking behavior has changed after the recent financial crisis of 2008 by testing two contrasting hypotheses on pension funding: risk transfer and risk management hypotheses. In managing pension ass... see more
Kashif Saleem
This paper studies the market efficiency of modern Russian stock market. In particular, we look at the long memory in stock market volatility in the Russian financial market. To examine the temporal dependencies in depth we utilize major sectors of the Ru... see more
Merwe Oberholzer, Pieter W. Buys, Wilbrie Fourie
The purpose of this study is to determine the optimal capital needs to establish a Boer goat farm. A study was performed to simulate the financial performance of 55 scenarios, with varying farm sizes and varying levels of capital employed. These results f... see more
Zijian Cheng, Charles P. Cullinan, Junrui Zhang
Corporate dividend policy should strike a balance between paying cash to shareholders when there are excess resources and retaining sufficient resources in the company to fund worthwhile projects. Using excess resources to pay dividends can help to avoid ... see more
Cynthia L. Knott, G. Steube
The Sarbanes-Oxley Act (SOA) of 2002 included a wide range of reforms for issuers of publicly traded securities, auditors, corporate board members, and lawyers. It was aimed at deterring and punishing corporate and accounting fraud with severe penalties f... see more
Stacey Schetzsle, Duleep Delpechitre
To get the highest level of performance out of salespeople, companies are searching internally to identify factors that lead to salesperson cooperation. Sales managers create a normative culture that engages the salesperson, which is demonstrated through ... see more
Zuguang Wu, Difang Wan
Motivated by the observation of three long-existing phenomena in the ChiNext market which are high issuing prices, high price-earnings ratios, and strikingly high capital raised in IPOs this study empirically examines whether underwriters reflect fair att... see more
Walid Ben-Amar, Nadia Smaili, Eustache Ebondo Wa Mandzila
This paper examines the relationship between corporate social responsibility and executive compensation disclosure quality. We test whether socially responsible firms disclose more transparent and detailed information about their executive compensation pa... see more