Publications des institutions partenaires
New Evidence on the Announcement Effect of Convertible and Exchangeable Bonds
This study investigates the announcement and issuance effects of offering convertible bonds and exchangeable bonds using data for the Swiss and German markets during January 1996 and May 2003. The analysis suggests that announcement effects of convertible bonds and exchangeable bonds are associated with significantly negative abnormal returns. German firms exhibit a stronger reaction…
Institution partenaire
English / 01/02/2006
Strategic governance: how to assess board effectiveness in guiding strategy execution
Subsequent to a host of corporate corruption scandals, boards of directors are facing amplified pressure from investors, creditors and shareholders in a bid to ensure effective corporate governance of their investments. In previous research and public debate, the effectiveness of corporate governance structures has come under close scrutiny. However, boards' effectiveness in…
Institution partenaire
English / 06/01/2006
Parental separation and well-being of youths: evidence from Germany
This paper employs recent data for Germany and a new outcome variable to assess the consequences of parental separation on the well-being of youths. In particular, it is considered how subjective well-being, elicited from an ordinal 11-point general life satisfaction question, differs between youths living in intact and non-intact families, holding many other potential determinants…
Institution partenaire
English / 01/01/2006
Incomplete information, heterogeneity, and asset pricing
Institution partenaire
English / 01/01/2006
Credit migration and basket derivatives pricing with copulas
Institution partenaire
English / 01/01/2006
Multiple Moderators of the Trust-Loyalty Relationship in Business-to-Business Relationships
Trust has become of increasing interest in many scientific domains, including economics, social psychology, sociology, and marketing (Blois 1999). Marketing studies have demonstrated that trust is an essential ingredient for successful relationship marketing (Doney and Cannon 1997; Morgan and Hunt 1994). In fact, Berry states: “Relationship marketing is based on the foundations of…
Institution partenaire
English / 01/01/2006
Trade preferences to small developing countries and the welfare cost of lost multilateral liberalization
Institution partenaire
English / 01/01/2006
Product-specific rules of origin in EU and US preferential trading arrangements: an assessment
Building on earlier work by Estevadeordal (2000), we construct a synthetic index (R-index) intending to capture the restrictiveness of rules of origin in preferential trading agreements. The R-index is applied to NAFTA and the Single List of the EU's PANEURO system covering all of the EU's preferential trade agreements. The R-index highlights how a common set of rules of…
Institution partenaire
English / 01/01/2006
Are different Rules of Origin equally costly? Estimates from NAFTA
Using data on the preference and utilization rates of NAFTA for Mexican exports to the United States in 2001, this chapter proposes a method to estimate the likely costs of different Rules of Origin (ROO) for final and intermediate goods, and compares these results with those obtained using the synthetic index proposed by Estevadeordal (2000). Econometric results indicate that…
Institution partenaire
English / 01/01/2006
Great Controversies: Whither Social Europe?
Can egalitarianism itself contribute to growth? This political scientist looks at the recent success of the Nordic states and answers "yes." He also cites other characteristics that have made the Nordic economies work, not least their investment in education and policies to promote female employment.
Institution partenaire
English / 01/01/2006
The American Welfare State in Comparative Perspective: Reflections on Alberto Alesina and Edward L. Glaeser, Fighting Poverty in the US and Europe
Alberto Alesina and Edward Glaeser's recent book, Fighting Poverty in the US and Europe, exemplifies the recent incursion of economists into the domains of political science and sociology. In thinking about welfare states, economists have traditionally been interested in their effects on the distribution of income and, above all, their implications for efficiency and growth.…
Institution partenaire
English / 01/01/2006
The European security system and its repercussions upon spheres of influence
La thèse vérifie l'hypothèse suivante: dans l'Europe de l'après-guerre froide, les intérêts géopolitiques des Etats - incluant des préoccupations aussi bien économiques, culturelles, historiques, politiques que sécuritaires - continuent à inciter les Etats à former des sphères d'influence. Se basant sur les hypothèses néo-réalistes, la thèse démontre que les Etats…
Institution partenaire
English / 01/01/2006
Impact of EU Enlargement to CEE Countries on Transatlantic Relations
Assessment of the 2004 EU enlargement on Transatlantic Relations.
Institution partenaire
English / 01/01/2006
Shifting up and out: The foreign policy of European immigration control
Traditionally a core aspect of state sovereignty, immigration control has first moved upwards to the intergovernmental sphere. It has then been brought closer to supranational governance, and is now gradually moving outwards towards the realm of EU foreign relations. This article interprets this move as the continuation of established patterns of transgovernmental cooperation in an…
Institution partenaire
English / 01/01/2006
Insolvency in a group of companies, substantive and procedural consolidation : when and how?
Institution partenaire
English / 01/01/2006
Bankruptcy and reorganisation trigger criteria : from a retrospective (balance sheet) to a prospective (cash flow) test
Institution partenaire
English / 01/01/2006
Control and responsibility of rating agencies in Switzerland
Institution partenaire
English / 01/01/2006
Incentive structures for professors in Germany and the United States: implications for cross-national borrowing in higher education reform
Institution partenaire
English / 01/01/2006
Emotional face expression profiles supported by virtual human ontology
Expressive facial animation synthesis of human like characters has had many approacheswith good results. MPEG-4 standard has functioned as the basis of many of thoseapproaches. In this paper we would like to lay out the knowledge of some of thoseapproaches inside an ontology in order to support the modeling of emotionalfacial animation in virtual humans (VH). Inside this ontology we…
Institution partenaire
English / 01/01/2006
A Specification Language and System for the Three-Dimensional Visualisation of Knowledge Bases
Institution partenaire
English / 01/01/2006
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