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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Corporate political connections: how do they affect corporate transparency?
Let’s talk about market contestability
The unexpected relationship between religion and economic development
Are immigrants really taking the jobs of the French (and Americans)?
Will Joe Biden’s stimulus plan for the US economy cause it to overheat?
A business model analysis of Kmart’s downfall
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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…
The ignored value
Value measurement is supposed to be one of the strengths of our metric dominated economies. And yet, the true value of things is often ignored, at the risk of ending up with catastrophes.
To clear up a common misconception: shareholders do not get rich off dividends
In the midst of the COVID-19 crisis, dividends are the source of many debates and disagreements. On 24 March, the French Minister of the Economy and Finance, Bruno Le Maire, urged French companies to exercise the utmost restraint in paying dividends in 2020 and stated that companies in which the State is a shareholder would be asked not to pay dividends.
Experimenting with a career as an entrepreneur can cost you money
Ever thought about working for yourself, with your own business? Well, think before you act!
Can pay reporting help reduce the gender pay gap?
From the first week of November, women in the United States, Ireland, UK, and around the world are effectively working for free as the gender gap in average pay earnings accounts for remaining two months’ salary of the year. The gender pay gap has remained remarkably constant…
How narcissism prevents successful crowdfunding campaigns
The entrepreneur’s character and talent are an important factor for startup investors. But how does this play out in the crowdfunding setting? We show that the personality trait of narcissism can be an obstacle to fundraising by crowdfunding entrepreneurs. The…
Efficiency and resilience – the resource allocation dilemma
To cope with the high influx of patients, European hospitals called for additional intensive care beds. What if this shortage, in this time of pandemic, was the consequence not of a lack of resources but rather of a dilemma caused…
Coronavirus reveals more than it equalizes
During the coronavirus pandemic, the virus has several times been called “the great equalizer”, indifferent to the social status or age of its victims. A more thorough analysis of the data reveals that this is not the case at all.…
Does the Great Recession imply the end of the Great Moderation? International evidence
Evolution in macroeconomic volatility Time-varying uncertainty about macroeconomic conditions, generally measured by the variance of its GDP growth (what we will call here macroeconomic volatility) has been shown to be harmful for economic activity in many countries. The main reason…
