1,721,048 research outputs found
SRI Analysis and Asset Management: Independent or Convergent? A Field Study on the French Market
Full text linkThis article analyzes how the actual and expected future activities of French Socially Responsible Investment (SRI) analysts may reveal a convergence process between SRI decisions and traditional financial investment decisions, that is a form of “mainstreaming” of SRI processes, by asking the SRI analysts themselves how their work has evolved and how they perceive their positioning in the asset management sector. We present the results of a field survey on the composition and activities of French SRI analysts’ teams of large institutional investors and asset managers in France in 2009. We show that the convergence towards the mainstream financial analysts seems to be clearly engaged. However, the SRI domain is still emerging and remains very fragmented leading to a wide heterogeneity of practices and positioning in the respective organizations. This is interpreted as a clear sign of a transition phase.Field survey; French Asset; Management industry; Mainstreaming; Socially Responsible Investments (SRI)
Measuring reseach outputs across borders-a comment
Full text linkThis papers starts from an article published by Chan et al. in Accounting and Business Research in 2006 on accounting research in Europe. It develops the idea that accounting research in Europe is much more diversified than it appears, is not limited to British academics output, and relies upon very diversified vectors (journals or books) across countries. The case of France and Germany are particularly highlighted. More generally, the addresses the question of research evaluation and its consequences on academic communities.Accounting; Control; Research; Europe
Commentaire
No full textNational audienceCommentaire de l'article Lorino Philippe, Mottis Nicolas, « Et l’organisation dans tout ça ? Un oubli persistant, y compris en cas de crise… », Revue française de gestion, 2020/3 (N° 288), p. 11-26
Excessive Liability Dollarization in a Simple Signaling Model
Full text linkIf a dollar denominated external debt comes with so many risks, why do emerging economies allow for such an imbalance to accumulate ? The explanation provided in this paper builds on a simple signaling model. By assumption, lenders have no direct possibility to infer a firm’s financial stance. Therefore sound firms might want to borrow dollars and bear a high clearance cost, just in order to signal their type. The success of this policy depends on the behavior of bad firms. When dollar borrowing clearance costs are relatively small with respect to the clearance cost of borrowing in the local currency, the whole private sector would opt for liability dollarization. In this case the signaling effect vanishes, while all firms bear high clearance costs.Original sin; Signaling; Developing countries; Liability dollarization; Perfect Bayesian Equilibrium
Public Property Privatization in France
Full text linkThe modernization and privatization of the State’s real-estate assets are pivotal for the improvement of the French public sector’s global performance: they take part in the national policy for economic efficiency and public management. Multiple questions arise in the process. How to implement and survey a system of accounting for the State’s real property assets? What kind of objectives and indicators are needed and should be targeted? Is privatization needed and how should it be implemented ? What would be the basis of a reform in public asset management? One of the main challenges lies in the identification of state properties. Another issue is a clear knowledge of the expenses and incomes that can be related to public buildings and properties. Also, the highest level of protection provided in France by strong public rules and strict regulation of public domain brings unavoidable difficulties. Indeed, these weaknesses make possible the management of public assets under private managerial rules. Several key points of a global strategy are emerging through field observation. For instance a comprehensive set of methods is expected in collecting information; a sound management framework calls for well prepared personnel; the decentralization constraint should be considered according to the relocation of public services; a rent policy is to be retained as an alternative of an investment policy. Last, practical considerations end the research document and call for the implementation of Strategic Plans for Public Properties.Public properties; Privatization; Public accounting; Decentralization
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Legal Profit-Sharing: Shifting the Tax Burden in a Dual Economy
Full text linkWhat are the consequences of laws imposing profit-sharing rates in the compensation of all forms of labor, when only a limited share of the productive sector is really making profit ? This problem is examined in the case of competitive labor markets, when firms of the profitable sector are facing a predetermined participation constraint. The proposed model details how legal profit-sharing contracts offer a form of evasion from wage-based social contributions in permitting substitution of wages with contingent claims on profits. Labor contracts are examined in a context in which effort is monitored or in which free-riding effects thwart the incentive effects of profit-sharing.Profit-sharing; Incentives; Labor contract
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Full text linkWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
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