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…
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…
Les plus lus
The unexpected relationship between religion and economic development
Why do ex-French Sub-Saharan colonies fare better economically than ex-British ones?
A business model analysis of Kmart’s downfall
Are immigrants really taking the jobs of the French (and Americans)?
Instability, a challenge for economic theory and policy
Football: Are Club Takeovers Driving the Inflation of Player Prices?
Medias
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The unexpected relationship between religion and economic development
Often a hostage to ideological bias, the ties between religion and economic development are a sensitive issue. In adopting a consilience approach, we can cool the debate by demonstrating the complexity of the links, and the sometimes unexpected effects of religion in the socio-economic sphere.
Let’s talk about market contestability
Contestability is a term often used by economists to mean that a market is competitive simply because players can enter and leave freely. This concept has been used to justify deregulation policies implemented to reduce legal barriers in various sectors such as air transport and ride-hailing services.
Will Joe Biden’s stimulus plan for the US economy cause it to overheat?
American GDP figures published on 28 January 2021 show that the country’s economy continued to grow in Q4 2020 at an annualised rate of 4% compared to the previous quarter. This figure follows on from Q3 2020’s mechanically highly elevated…
COVID-19 will not dampen the growth of esports
Initially expected to reach around 1.1 billion dollars, the global esports market was valued at just over 950 million U.S. dollars, a 0.8% difference that can be attributed to the cancellation of tournaments and competitions.
And yet, the long-term forecasts for esports remain favourable. The global market revenue should reach 1.6 billion U.S. dollars in 2023.
INTERVIEW OF RICHARD DAVIES, AUTHOR OF ‘EXTREME ECONOMIES’
In this Second Interview of the ThinkForward Conferences cycle organised by Professors Rodolphe Desbordes and Frédéric Munier,
Richard Davies discusses key insight from his recently published book Extreme Economies
Paul Milgrom, my thesis advisor
This year’s Nobel prize for Economics was awarded to Paul Milgrom and Robert Wilson, both of Stanford University, for their work on auction theory and design.
In the 1980’s, during my doctoral studies at Yale University, I was very fortunate to have Paul Milgrom as my thesis advisor...
Judgment rather than memorization of rules: How to dispel misconceptions about accounting
Since the mid-2000s, corporate financial reporting in many countries around the world is regulated by International Financial Reporting Standards (IFRS). This means teaching an international set of standards to an international audience. Interviewing practitioners and leading academics allows me to demonstrate the diversity of practice hidden behind the homogeneity of the rules and the need for judgment.
What we do not know about crowdfunding yet
Crowdfunding is very new and exciting. It provides new opportunities for startup founding and other activities and proposes creative ways to reward investors. But today, is so new that we are only just becoming aware of all the gaps in our knowledge.
Social bonds: has sustainable market finance reached a new scale?
Given the high economic and social costs of the pandemic and the need for an urgent response, the public and private sectors have progressively turned to new sources of financing, and in particular social bonds. These are a form of sustainable market finance which also include a social dimension.
FINANCIAL MARKETS, INDUSTRY DYNAMICS AND GROWTH : HOW CORPORATE GOVERNANCE SHAPES MARKET BEHAVIOUR
After seeing a gap in the current research, we set out to learn how styles of corporate governance affect the choices companies make and the resulting impact.
Accounting in Times of the Pandemic – Financial Reporting and Regulatory Issues
Accounting is critical for corporate transparency in such times of high uncertainty. Investors, politicians, and society at large are in need of trustworthy information. At the same time, numerous actors take part in producing, distributing, and processing accounting information: from…
Gender diversity protects stock market investments against the COVID-19 crisis
The justification for socially responsible investing (SRI) is primarily ethical. Taking into account certain variables of corporate social responsibility (CSR) can also be a source of financial outperformance. In this respect, the promotion of workplace gender equality is an aspect of CSR that can contribute to company performance.
Testing-the-Waters to Improve Startup Financing
Since fundraising is time-consuming and entails costs, entrepreneurs may want to “test the water” by soliciting investors’ interest before going through the lengthy process to formally convincing a larger number of investors.
Gender inequalities or the weight of a slow pace of change
Our modern world continues to be plagued by persistent gender inequalities that contrast sharply with the prevailing egalitarian discourse. These inequalities are rooted so deeply in our history that our societies have, in a manner of speaking, “naturalised” them. Of late, some research – notably by Alberto Alesina, a highly respected economist, recently deceased – has endeavoured to shed light on the origins of these inequalities.
Houses of cards, unicorns… and Asian growth
Karl Popper believed that what defined science was its “refutability” or “falsifiability”. Unlike an ideology, a scientific hypothesis can be refuted if it contains errors. Even so, certain errors persist for a long time and lead to house-of-cards conclusions. If…
A business model analysis of Kmart’s downfall
Frequently academic management literature is focused on stories of successful companies. The goal of this type of research is to identify what key elements make a company successful, so others could imitate good practices. In our case, a different path…
