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1712 research outputs found
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Accounting for crypto-assets: a comparative analysis and overview of accounting rules and practices
No full textInternational audienceGiven the ongoing evolution, growth potential and diversity of crypto-assets as so as their unique and risky nature, there are intensive debates on the accounting treatment by holders and issuers of crypto-assets at the international level. The purpose of this research is to deepen and broaden knowledge about how crypto-assets are classified, measured, recognized and disclosed in Europe, US and Asia. The first stage of the study is exploratory in nature. In the first step, we make a literature review of current regulatory frameworks of cryptocurrency as a blockchain technology application as well as of existing accounting rules and practices. In the second stage, we collect the data from the annual reports of 100 publicly listed companies for the 2021 and 2022 periods. These companies come from following countries: US, France, Canada, UK, Germany and some Asian countries. We manually extract the information related to classification, recognition, measurement and disclosure of cryptocurrencies. Our objective is to identify the best practices, but also gaps that exist and to come up with a list of recommendations that can be useful to policy makers, accounting standard setters and other market participants
Scaling Sustainable Entrepreneurship for Impact: Design Knowledge for the Use of Digital Technologies
No full textInternational audienceDigital transformation helps organisations become more efficient while increasing their outreach and targeting new markets. However, it also makes the organisational design more malleable and can blur or even disrupt a firm’s boundaries. For sustainable entrepreneurs who develop business models for sustainability (BMfS), this is a Faustian bargain, as they trade independence for more potential. In this in-depth case based on action and design science research, we accompanied and evaluated the design of a BMfS with digital technologies. To evaluate for rising tensions, we looked at the relevant dynamics within the entrepreneurial firm and the digital business ecosystem. Besides a proposed solution model and its evaluation, we present design principles of contingency, re-configuration, and alliancing. This nascent design knowledge explains dynamics that occur when developing business models with digital technologies
Global supply chain pressure and commodity markets: Evidence from multiple wavelet and quantile connectedness analyses
No full textInternational audienceThis paper examines the time-scale impacts of global supply chain pressure on commodity markets under extreme market conditions from January 2000 to July 2022. The paper uses a novel quantile-based connectedness approach and vector wavelet coherence. It shows that the supply chain pressure transmits shocks to commodities at all time horizons. The findings also report that the joined effect of the global supply chain pressure and real global economic activity is more pronounced in the long-run horizon
Investigating the spillovers between energy, food, and agricultural commodity markets: New insights from the quantile coherency approach
No full textInternational audienceThe prime objective of this research is to analyze the spillovers and associations between the commodity markets of energy, food, and agriculture products. In doing so, the authors used the most recently available monthly data covering the period of 1960M01 to 2021M04. For empirical analysis, the authors employ the quantile coherency method of Baruník and Kley (2019) to analyze the spillovers between energy, food, and agricultural commodities. The empirical findings indicate less spillover relationships between oil and agriculture on foreign markets in the short and long term. Energy and fertilizers have strong coherency at extreme positive and negative values. During an economic boom, the intense co-movement of oil, agriculture, food, and metal sectors may be negative, highlighting the opportunity for investment diversification
Interbank money market concerns and actors’ strategies—A systematic review of 21st century literature
No full textInternational audienceAbstract As the reallocator of liquidity from banks with excess to banks with a deficit, the interbank money market (IMM) plays a fundamental role in the proper functioning of the banking system and the economy as a whole. The aggregate uncertainty derived from stochasticity of the overall level of the demand for short‐term liquidity and the likelihood of domino failures of tightly connected competitors who lend themselves vast amounts of liquidity explains the complexity of decisions in this environment. To identify the most significant factors influencing actors’ strategies, we first present the five underlying patterns discovered through a bibliometric analysis of 609 scientific documents in this field: contagion and systemic risk, stability, market structure, relationship and trust, and default and failure. Then, our detailed study findings on 160 recent works indicate elements that affect central banks’ strategies in reducing systemic risk and preventing financial contagion, as well as managing the interbank network in a way that makes it more stable and resilient to shocks to conserve market confidence. Furthermore, they address factors that influence banks’ strategies to maintain their lending relationships and mitigate default risk. In addition to summarizing potential research directions, this paper provides market participants with a strategy fact‐sheet
Il faut être audacieuxHistoires et territoires d'entrepreneurs en situation de handicap
No full textInternational audienceComment les personnes en situation de handicap vivent-elles leur condition d’entrepreneur ?En premier lieu, cet ouvrage tend à mieux comprendre et expliciter les conditions professionnelles des entrepreneurs en situation de handicap par une compréhension de leur parcours, de leur écosystème entrepreneurial, et de leur rapport au territoire.Il a également pour vocation de rendre visibles ces entrepreneurs dans les sphères intellectuelle, politique, économique et médiatique. Il tend à sensibiliser au handicap et à l’entrepreneuriat les décideurs politiques, les acteurs opérationnels, le grand public et la communauté scientifique.Afin de répondre à ces objectifs, les auteurs ont effectué une recherche originale auprès de 20 entrepreneurs en situation de handicap moteur et sensoriel. Elle cherche à appréhender le phénomène des entrepreneurs en situation de handicap en combinant les disciplines que sont les sciences de gestion, la sociologie et la géographie
Environment-growth nexus and corruption in the MENA region: Novel evidence based on method of moments quantile estimations
No full textInternational audienceThis study contributes to the environment-growth nexus literature by examining corruption’s effect on environmental quality in 17 Middle East and North Africa (MENA) countries between 1984 and 2018. We use four different indicators of environmental degradation (ecological footprint, carbon dioxide emissions, greenhouse gas emissions, and carbon emission intensity) to gain a comprehensive view of the relationship. This study’s methodological value added is the application of the method of moments quantile regression, which enables us to account for different relationships between the independent variables and environmental quality at different levels of environmental degradation. The results indicate that corruption worsens environmental quality based on three of the four indicators of environmental degradation, while the impact appears to become less severe at higher levels of environmental deterioration. The results also indicate that traditional mean-based panel data estimation methods provide an incomplete picture of the factors behind environmental problems: The explanatory variables’ impacts tend to vary at different levels of environmental quality, and the impact’s sign can even change when moving from the lowest to the highest environmental degradation quantiles. Overall, the results highlight the importance of curbing corruption to enable enforcement of more stringent environmental regulation
Impact entrepreneurship to fight global warming: from utopia to practice
No full textInternational audienceTeam for the Planet®, or TFTP, is a 'citizen community dedicated to global action', whose mission is 'to fight against climate change at a large-scale' (http: //www.team-planet.com). Gathering a community of investors, entrepreneurs, inventors and citizens, they aim to fund new ventures to market impactful innovations devoted to capturing or reducing CO2 emissions. TFTP addresses a systemic challenge through entrepreneurship in a way that neither the literature nor other organisations have done before; their proposal is complex and requires imaginative construction and understanding. In our research, we address the question of how people appropriate the TFTP proposal. We combine perspectives from economics, entrepreneurship and sociology to reflect on data collected through a netnography. We discuss the case as a real utopia and show that people agree to fund the movement without dividends, because they commit to the movement for a greater purpose than rent-seeking, believe in the viability and achievability of the proposal, and feel empowered by fighting global warming through the community
The Role of Leadership Values and Communication in the Process of Change towards Sustainability: A Qualitative research paper
No full textInternational audienceThis article aims to explore which leadership values mediate the process of influencing employees to accept change toward different sustainability practices and the role of communication in moderating this process. To answer these questions, 25 leaders from eight sustainable organisations working in different industries in the UK were interviewed. It was found that leadership values have both mediating and moderating roles. The mediating values are sustainability-related. The moderating values are classified into two sets. The first set of values helps in increasing employees' trust in the leaders and building close relationships with them making it easier for leaders to instil sustainability-related values in employees. The second set of moderating values helps in sustaining employees' sustainability-related practices. Moreover, it was found that communication has a moderating effect by further helping to build close relationships between leaders and employees, building employees' trust in leaders, and keeping employees involved
The need for a contextualized adaptation of the evaluation of the destination image
No full textInternational audienceThe literature stresses the importance of measuring the destination brand image to determine a successful tourism promotion strategy, a strategy that is likely to enhance the competitiveness and attractiveness of a destination in a highly competitive and changing environment. Measurement scales are commonly used by academics and practitioners. An empirical study was conducted with French tourists, regarded as the main source market for the competing destinations of Tunisia and Spain. In light of a prior qualitative study, the brand image was quantitatively measured using semantic differential scales taken from the literature and adapted following expert advice. The results raised the issue of the international adaptation of measurement scales, despite the proper use of the operative procedures for measurement scales valid in several countries. The main objective of the present study is to raise a methodological issue regarding the desirable degree of adaptation of the measurement scales used by Destination Marketing Organizations while taking into account the validity and reliability constraints of the tools. To what extent is the adapted version of the chosen scale equivalent to the source version? The present study, conducted on two destinations and different cultural contexts, shows that a rigorous adaptation might lead to a loss of about 40% of the original scales