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    Les juges du droit des entreprises en difficulté et les obligations de compliance

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    L’application des règles civilo-commerciales au gérant de succursale

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    La gérance succursaliste est une figure de la distribution bien singulière. Cette singularité se manifeste notamment par la cohabitation du statut social et des règles civiles et commerciales liées aux modalités d’exploitation de la succursale. Cette contribution se propose de réaliser un état des lieux des règles civilo-commerciales applicables au gérant de succursale

    Inference in Dynamic Models for Panel Data Using The Moving Block Bootstrap

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    Inference in linear panel data models is complicated by the presence of fixed effects when (some of) the regressors are not strictly exogenous. Under asymptotics where the number of cross-sectional observations and time periods grow at the same rate, the within-group estimator is consistent but its limit distribution features a bias term. In this paper we show that a panel version of the moving block bootstrap, where blocks of adjacent cross-sections are resampled with replacement, replicates the limit distribution of the within-group estimator. Confidence ellipsoids and hypothesis tests based on the reverse-percentile bootstrap are thus asymptotically valid without the need to take the presence of bias into account

    Intérêt à agir en désignation d’un administrateur provisoire et constitution d’une fiducie (Cass. Com. 22 janv. 2025, n022-20.526)

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    The disjunction effect does not violate the Law of Total Probability

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    The disjunction effect (DE) refers to an empirical violation of the Sure-Thing Principle (STP), which states that if a person is willing to take an action independently of the outcome of some event, then they must be willing to do so even when the outcome of the event is unknown. A standard practice for inferring a DE, especially in between-subjects experiments, consists of showing a population-level version of this phenomenon, specifically that fewer people are willing to take the proposed action when the outcome of the event is unknown than for any possible known outcome. Although this does not prove a violation of the STP, this population-level condition has received a lot of attention, because it presumably violates the Law of Total Probability, and it is sometimes used as the definition of the DE itself. Here we show that this condition is in fact unrelated to the Law of Total Probability and thus entirely irrelevant for the study of the DE and decision making in general. This calls for a reevaluation of experimental results that have been interpreted as showing a DE based on the above condition. We derive a new disjunction law that can be used to check for violations of the STP in between-subjects data

    Panorama Droit des marques

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    The Electoral Effects of State-Sponsored Homophobia

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    Do strategies of state-sponsored homophobia translate into electoral gains?While a growing body of literature documents the increasing politicization of LGBTQ- and gender-related issues by illiberal elites, little is known about the electoral effects of these strategies. We address this important question by studying whether anti-LGBTQ mobilization pays off electorally for the initiating party. Empirically, we study the adoption of anti-LGBTQ resolu-tions in many Polish municipalities prior to the 2019 parliamentary election. Using a synthetic difference-in-differences design, we find that these resolu-tions significantly depressed turnout in affected municipalities, with oppo-sition parties showing less mobilization capacity. By contrast, turnout for the incumbent Law and Justice Party increased substantially. Overall, this study’s findings are relevant for understanding the electoral consequences of both elite-led mobilization against stigmatized and discriminated groups, and policies of subnational democratic backsliding

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