Dual Holding: The Hidden Strategy Driving Tax Avoidance
In some companies, investors wear two hats – as both creditors and shareholders. Research by Professor Liang Xu, a professor of Finance at SKEMA Business School, shows that this setup tends to favor tax avoidance. This phenomenon has been studied…
Benoist Lombard: “We don’t provide the same advice to an heir as we do to an entrepreneur”
Wealth management is not about numbers—it’s about people. That’s the message from Benoist Lombard, Deputy CEO of the Crystal Group and Chairman of Maison Laplace. To practice it is to embrace society in all its complexity, and to remain agile…
Kraft Heinz: Breakup with benefits?
Love stories can sometimes end badly… After 10 years together, Kraft and Heinz have just announced their split. A blessing in disguise? Or perhaps an opportunity to analyze the strategic consequences of such a breakup. When Kraft Heinz announced in…
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Are sustainable neobanks really banks?
Green Got, Helios, La Nef… they have great names and give their customers an indication of how their money is being used. Sustainable neobanks, as they call themselves, do not fund polluting activities; instead, they invest in environmentally or socially…
How Taxation Drains Small Businesses
Corporate taxation influences business strategy. But not all firms are affected in the same way — the most vulnerable must make greater efforts to adapt. Tax reforms should therefore avoid a one-size-fits-all approach and instead reflect the diversity of businesses.…
What is factoring?
You’ve heard the word – but do you really know what it means? Sabrina Chikh, Associate Professor of Finance at SKEMA Business School, as she pulls back the curtain on factoring. The video features French audio, English subtitles are available…
Ulule-KissKissBankBank: the more crowdfunders the merrier
The acquisition of KissKissBankBank by Ulule comes as no surprise. The French leader in crowdfunding, symbolised by an owl, has made better use of the positive spillover effects between projects than its rival. In the crowdfunding platform market, the involvement…
Football: Are Club Takeovers Driving the Inflation of Player Prices?
PSG, Newcastle, Chelsea, Atlético Madrid, just to name a few. Many big football clubs have changed ownership in recent years. But are these takeovers really behind the skyrocketing prices of players? It’s an easy assumption to make, yet a closer…
The Risk of Economic Policy Uncertainty on France’s Growth
Economic models predict that uncertainty, following the no-confidence vote and the resignation of the Barnier government, will cause an additional 2% fall in investment. Let’s take a closer look at the methodology used to better understand the figures shaping public…
Are immigrants really taking the jobs of the French (and Americans)?
The oldest argument against immigration claims it creates unfair competition for local workers. But does this claim hold up against the research on the topic? A famous American immigrant once said: “Everything should be made as simple as possible, but…
Can corporate fraud be a winning strategy?
As the French say: “The road to hell is paved with good intentions”. But in the Business world, is Heaven paved with bad intentions? Some companies seem to be taking advantage of corporate fraud to rebrand themselves… In July 2024,…
Finance: where are the Women?
Careers in finance seem inaccessible to women. Despite laws pushing for better representation in leadership roles and the strong demands in this sector, why is it that less than one in six financial companies are led by a woman? Have…
Globalisation: the friends of my friends will be my enemies ?
Don’t they say that you should keep your enemies close? Yet, the OECD countries’ approach to “de-risk” from China leads them to favour economic relations “among friends”. However, this new approach to industrial policy could have unforeseen consequences. Could it…
Chinese acquisitions in the Bordeaux vineyards: have their new owners really been neglecting them?
A research co-led by Pierre-Xavier Meschi, a professor in Management Sciences affiliated with SKEMA Business School, and Alexandre Bohas, a professor of International Business, is based on Chinese investments in Bordeaux châteaux in France. Often criticized in the media, they…
BRICS vs. G7, the clash of the titans?
Each month, Frédéric Munier, Director of the School of Geopolitics for Business at SKEMA Business School, publishes a column in the magazine Pour l’Éco. At a time when the most recent BRICS summit resulted in a spectacular expansion to include…
How to design efficient defined contribution pension systems?
Defined contribution pension systems offer solutions to the problem of an ageing population, but they also present many challenges. The oldest of these, in Chile, is a relevant example. Few subjects touch upon everyone’s lives and generate so much controversy…
Will neobanks replace traditional banks?
“I’m my own banker.” This slogan for a French neobank sums up the concept quite well. Will the all-digital services offered by neobanks replace or complement those offered by traditional banks? Their recent rise raises questions about the future of…
Why do ex-French Sub-Saharan colonies fare better economically than ex-British ones?
Does the colonial history of sub-Saharan African countries still play a role in their economic performance? Ioannis Bournakis (SKEMA Business School), Marian Rizov and Dimitris Christopoulos compared the performance of 35 of these countries over more than 40 years: those…
Innovation needs financial competition, not deregulation
The economy needs innovation to thrive. But innovation is risky and does not always bring immediate benefits. The economy therefore needs banks to finance innovation projects, but these are apparently not the most profitable in the short term for banks.…