• The Fair Value Controversy: Ignoring the Real Issue 

  In the context of the measures being taken to put an end to the current financial crisis, the extent to which fair value accounting can be blamed—or whether it can be blamed at all—for the intensification of the slump has been widely debated. Read next page

  Type of document : Position PaperDownload file
• Évolution et effets incitatifs des stock-options : le cas des dirigeants du CAC40 

  Depuis leur apparition, les stock-options ont connu un succès important en tant que moyen d'incitation qui lie la rémunération des dirigeants à la performance boursière de leur entreprise. Read next page

  Type of document : Working PaperDownload file
• On Accountable Measurement of Non-Financial Perfomance - the Case of Customer Satisfaction Type of document : Working Paper
• Dérivés et comptabilité de couverture : Le traitement des IFRS va à l'encontre de leurs objectifs d'image fidèle et d'incitation à une meilleure gestion des risques Type of document : Working Paper
• QIS3: Meaningful progress towards the implementation of Solvency II but ground remains to be covered 

  This document outlines our position on the third quantitative impact survey on the standard formula for the calculation of capital requirements for insurance companies under Solvency II. Read next page

  Type of document : Position PaperDownload file
• CP 20: Significant improvements in the Solvency II framework but grave incoherencies remain (EDHEC response to Consultation Paper n° 20) 

  This document contains our answer to CP20, a consultation process initiated by CEIOPS (Committee of European Insurance and Occupational Pensions Supervisors) on the "Advice to the European Commission in the Framework of the Solvency II Project on Pillar I Issues". Read next page

  Type of document : Position PaperDownload file
• QIS 2: Modelling that is at odds with the prudential objectives of Solvency II 

  In light of the changing face of risks and how they are perceived, the existing prudential rules are totally inadequate and the European Commission has established a vast project to overhaul the methods used to determine the solvency of insurance companies. Read next page

  Type of document : Position PaperDownload file
• The Impact of IFRS and Solvency II on Asset-Liability Management and Asset Management in Insurance Companies 

  The profound changes in the risk management of insurance companies, brought about by the increasing complexity and variety of risks over the
  last two decades, have made it necessary
  to revise prudential regulations (Solvency II) and to adapt the international accounting standards (IFRS) Read next page

  Type of document : EDHEC PublicationDownload file
• La problématique du taux d'actualisation des concessionnaires d'autoroutes : le cas des ASF 

  Enterré au terme d'un long débat parlementaire au printemps 2003 par monsieur Jean-Pierre Raffarin, le dossier des privatisations des sociétés concessionnaires d'autoroutes (cession de 50,4% d'ASF, 75,7% de SANEF et 70,2% d'APRR) a finalement refait surface le 8 juin 2005 lors d'un discours de monsieur Dominique de Villepin. Read next page

  Type of document : Position PaperDownload file

M. Arouri, Cherif M., P. Foulquier (2008), Coût du capital, LBO et évaluation des entreprises non cotées », La revue du Financier, Janvier, n°169.

Kallstrom, Parmler, Westlund A. (2008) " SEM Based Customer Satisfaction Measurement; On Multicollinearity and Robust PLS Estimation" Total Quality Management and Business Excellence; 19, No 9/10,

Westlund A., Ericsson, et al. (2008), "Patients with Atrial Fibrillation and their Physicians; Treatment Satisfaction and Drivers of Costs"  forthcoming in  Health and Quality of Life Research

Foulquier P., P. Touron (2007), Consolidation : vers une réforme du modèle comptable ?, Revue Financière de Comptabilité, septembre, n°420, p. 37-42.

Arouri, M.  (2007) "Are Stock Markets Integrated? Evidence from a Partially Segmented ICAPM with asymmetric Effects", Frontiers of Finance and Economics.

Bescos, P.-L., E. Cauvin, C. Decock, A. Weslund; (2007) Characteristics of Performance Measures for External Reporting, Total Quality Management & Business Excellence review, p. 1055-1074.

Bescos, P.L. (2007) " A quoi peut bien servir l'ABC/ABM ? "» Revue Française de Comptabilité, n° 401, juillet-août 2007, p. 33-35.

Fahrni, Pock, Westlund A. (2006), "Industry Specific Management Control Systems and Corporate Quality Targets", Journal of Productivity and Performance Management, forthcoming . 

Arouri, M. (2006) "La prime de risque dans un cadre international: le risque de change est-il apprécié?", Finance, vol. 27, n°1/2006, pp 131-170.

Arouri, M. (2006) A la Recherche des Facteurs Déterminants de l'Intégration Financière Internationale: une Analyse sur Données de Panel, Economie Appliquée, n°4.

Arouri, M. (2006) Testing World Equity Market Integration: New Evidence from the ICAPM, Euro-Mediterranean Economics and Finance Review, n°5.

Arouri, M. (2006) Have Expected Gains from World Market Diversification Decreased in Last Years? Evidence from the ICAPM, The ICFAI Journal of Applied Economics  vol.V, n°2.

Bescos, P.L., E. Cauvin, C. Decock (2006), " La perception des entreprises françaises en matière de diffusion d'informations non financières : une enquête par questionnaire " Comptabilité Contrôle Audit,  tome 12, volume 2, décembre 2006, p. 117-142.

Bescos, P.-L., E. Cauvin, C. Deckok (2006) Characteristics of the performance measures in external reporting: non financial information used by French companies in their communication, In Performance Measurement And Management Control III - Improving Organizations and Societies, Studies in Management Accounting and Financial Accounting Series, Volume 16, Edited by Marc J. Epstein and Jean-François Manzoni, Elsevier, 2006, p. 335-354.

Bescos, P.L. (2006) " Quelques pistes pour améliorer la mise en œuvre du Balanced Scorecard", Revue Française de Comptabilité, n°388, mai 2006, p. 24-27

Combes-Thuélin E., S. Henneron, P. Touron, (2006), Risk Regulations and Financial Disclosure: an Investigation Based on Corporate Communication in French Traded Companies, Corporate Communications: an International Journal, Vol. 11, No 3, August 2006, pp. 303-326.