Innovation is nowadays a primary key success factor and among the most important capacities to maintain competitive advantage in a fast-changing world. In their recent paper, Boubaker, Guizani, and Lakhal examine the effect of firm innovation on stock price crash risk. Using a sample of French publicly-traded firms covering 2007–2016, they find that innovative firms are more likely to […]

Family firms are widespread among public companies in France. In a recent paper, Ben Ali, Boubaker & Magnan, provide evidence that the presence of multiple large shareholders (MLS) beyond the largest controlling shareholder (LCS) mitigates the agency conflicts between large and minority shareholders, hence reducing the level of audit fees paid by family-controlled firms. Using […]