infonet-economy

The term “shadow banking” refers to credit intermediation performed outside the regulated perimeter of traditional lenders. Banks, however, do play a significant role in it. The authors review the origins and characteristics of the shadow banking system, investigate how banks control various steps of the securitization process, and analyze the nexus with competition. They use a...

Keynote anlässlich der feierlichen Graduierung des 1. Jahrgangs der Delta Akademie der Monanuniversität Leoben.

Customer relationship management (CRM) is one of the most frequently adopted management tools and has received much attention in the literature. This study advances research on CRM by investigating the impact of the relative time according to which interventions are implemented in different areas (customer management, CRM technology, organizational alignment, and CRM strategy) on CRM...

Cette recherche examine la gestion des résultats comptables par les dirigeants d’entreprises françaises sujettes à des opérations de fusions-acquisitions. La recherche comptable suggère que les transactions de fusions-acquisitions offrent un cadre propice à la gestion des résultats pour les dirigeants de l’entreprise acquéreur (Easterwood, 1998 ; Erickson et Wang, 1999 ; Louis, 2004...

Cet article analyse les liens entre la gouvernance, la RSE et la performance financière au travers d’une approche structurelle fondée sur une approche PLS-PM pour un échantillon de 600 firmes américaines et européennes. Nos résultats montrent tout d’abord que la gouvernance et certaines variables financières sont des antécédents de la RSE. Le déterminant principal de la RSE est donc...

Using data on corporate venture capital (CVC) investments by US corporations between 2001 and 2013, we analyze their CVC expenditures based on their positions in syndication networks and their financial resources. The generalized-method-of-moments models used show that these companies’ annual CVC expenditures depend on the number of co-financing relationships they have and their cash...

Les effets de la gouvernance sur la performance financière des entreprises font l’objet d’une littérature abondante avec des résultats mitigés, mais les impacts relatifs des différents mécanismes de gouvernance sur la volatilité de la rentabilité financière des entreprises semblent avoir été très peu explorés. Le présent article a donc pour objet d’investiguer le lien postulé par les...

This paper empirically assesses how financial risk aversion reacts to a change in individuals’ wealth and health and to the introduction of both financial and health risks using the Survey of Health, Ageing, and Retirement in Europe (SHARE). Individuals in our sample exhibit financial risk aversion decreasing both in wealth and health. Financial risk aversion is also found to...

Subscription models have become a popular new way for consumers to
do their shopping. This paper presents a taxonomy of the three main
archetypes of subscription models and develops a classification scheme
with type-specific features relevant to their successful management.
An implementation framework offers managers a guideline to introduce
subscription...