The second wave of Covid-19 has taken everyone by surprise, and it has struck with such intensity that its too early to gauge its severity. Unlike the transatlantic countries that experienced Covid peak, India was glaringly under-prepared, reporting record numbers of new cases and deaths. The second wave is set to further hurt an already […]

“Covid–19 has brought unprecedented tragic consequences for individuals and companies alike. Since the outbreak of this pandemic, all countries have been struggling to maintain a difficult balance between economic losses and their citizens’ health safety. Governments adopted exceptional monetary and fiscal stimulus packages as a response to revitalizing inflicted economies. The way out of the […]

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 […]