This article intends to provide answers concerning what drives individual investor herding behavior. Our empirical study uses transaction records of 87,373 French individual investors for the period 1999-2006. In a Örst part, we show - using both the traditional Lakonishok et al. (1992) and the...

Une promotion multi-mécanismes associe dans la même communication plusieurs mécanismes promotionnels. L'efficacité relative de ce type de promotions sur les choix du consommateur dépend de deux effets antagonistes. D'une part, la théorie des prospects postule un effet direct positif de la...

Alors que les pouvoirs publics accordent de plus en plus d'importance à l'accueil d'urbains souhaitant créer une entreprise en milieu rural, la littérature souligne les particularités des entrepreneurs néo-ruraux mais reste assez limitée quant aux cheminements de ces derniers vers la...

This article analyses the determinants of labour market statuses (the choice between part-time employment, full-time employment, and non-employment), and of yearly transitions between non-employment and employment, in Europe. It uses the cross-sectional 2006 EU-SILC database. The results show...

In this paper, we assess the success of the ongoing financial system reforms in China by investigating the extent to which firms are financially constrained. We focus on the role played by Foreign Direct Investment (FDI) in funding the Chinese corporate sector, and analyze whether incoming...

This paper develops an overlapping-generations (OLG) model to analyze the consequences of demographic structure changes induced by an exogenous shift in the birth rate.We first show that a finite growth rate of the population that maximizes long-run capital per capita exists. Then, we examine...

Extractive industries face two main challenges in terms of CSR and poverty reduction: 1) recognize that societal activity is part of their core business; 2) take part in socio-economic projects that contribute to their stakeholders' empowerment and not only to their living conditions. Based on...

En étudiant les archives numériques disponibles pour une communauté, on peut comprendre les formes de structuration qui ont été à l'origine de cette communauté et les questionnements auxquels les chercheurs peuvent être confrontés.

The aim of this paper is to propose an instrumental analysis of corporate social responsibility (CSR). After underlining the corporate governance issues raised by the "new firm", which is vertically disintegrated and intensive in specific human capital, we argue that CSR can be useful as a means...

A review shows that contingent valuation (CV) studies implemented in developing countries are generally used to measure demands (for water, sanitation or health services) and neglect the valuation of nonmarket goods (like ecosystems, biodiversity, or environmental amenities). These studies also...