Séminaires 2016-2017

  1. Séminaires FInance 2016-2017
  2. Séminaires transversaux 2016-2017
  3. Séminaires Franchise et Commerce en réseau 2016-2017

Séminaires FInance 2016-2017

  • Lundi 24 avril 2017 - 14h00 - Salle du Conseil - IGR/IAE
     

    • Database providers or managers : who predict best future performance ?
      Isabelle Martinez - LGCO – Toulouse University (Paul Sabatier)
       
    • Asset Pricing with Housing Booms and Disasters
      Messaoud Chibane - ESSEC Business School, France
       
  • Vendredi 7 avril 2017 - 12h30 - Amphi 2 - IGR/IAE
    The joint dynamics of the US and euro area inflation rates : expectations and time-varying uncertainty
    Olesya Grishchenko - Federal Reserve Board
     
  • Jeudi 30 mars 2017 - 10h00-12h30 - Salle du Conseil - IGR/IAE
     

    • Measuring Exposure to Dependence Risk with Random Bernstein Copula , scenarios
      Bertrand Tavin - EM Lyon
       
    • The Valuation Role of Technical Efficiency : Empirical Investigation of the US airlines
      Matthieu Belarouci - Université de Lille
       
  • Lundi 16 janvier 2017 - 14h00 - Salle du Conseil - IGR/IAE
     

    • Should employers pay their employees better ? An asset pricing approach
      Sofiane Aboura - Université de Paris XIII, Sorbonne Paris Cité
       
    • Securities, valuations and closed-end fund discounts
      Michel Magnan - John Molson School of Business, Concordia University, CIRANO
       
  • Mercredi 14 décembre 2016 - 14h00 - Salle du Conseil - IGR/IAE
Intervenant Antoine Noel - PhD candidate, HEC Montreal
Titre / Title Sector-specific ETFs and the Reallocation of Informed Trading
Résumé / Abstract This paper decomposes the probability of informed trading (PIN) into a sector-specificic and a firm-specific component. The introduction of tradable indices on financial markets should trigger a decline in stock PINs because investors specializing in trading the sector-specific risk can migrate to index markets. The introduction of tradable indices should also generate an increase in stock PINs because investors specializing in trading the firm-specific risk can use indices as hedging instruments. We find that the first effect dominates the second effect.
  • Mardi 25 octobre 2016 - 14h00 - Salle du Conseil - IGR/IAE
Intervenant Florina Raluca Silaghi - Université de l’Autonoma de Barcelona
Titre / Title The use of equity financing in debt renegotiation
Résumé / Abstract Debt renegotiation is often modeled as pure debt for equity or debt for debt swaps. In this paper we analyze the use of equity financing in addition to debt financing in debt repurchases. Firms with larger volatility, lower cash flow growth rates, or higher recovery rates are more likely to use equity financing in debt renegotiation. Flotation and renegotiation costs, the bargaining power of the creditors, and macroeconomic variables also influence this choice. When equity issuance is a possible source of financing in renegotiation, firms optimally choose larger debt reductions as compared to pure debt for debt swaps. The use of equity financing increases welfare. We provide closed-form solutions for the optimal use of funding and we derive novel testable empirical implications regarding the use of equity financing in debt repurchases.
Mots clés / Keywords Debt renegotiation, Debt pricing, Strategic contingent claim analysis
JEL Code G30, G32, G33, G13

 

Séminaires transversaux 2016-2017

Séminaires Regards croisés sur un thème de Sciences de Gestion

Animés par Maud Daniel, Karine Picot-Coupey et Céline Schmidt

  • lundi 3 avril 2017 - 15h30 à 17h - Salle du Conseil - IGR/IAE
    Thème : Innovation - contrôle de gestion - audit - Méthode des cas
     

    • From the definition of risk to internal audit practices : a Luhmanian perspective
      Coskun Cakar - Direction Audit, groupe Areva
       
    • Contrôle de gestion et innovation : Quelles influences réciproques ?
      Katia Dangereux - Université de Montpellier
  • Mercredi 29 mars 2017 - 12h30 - Salle du Conseil - IGR/IAE
    Transformations du monde contemporain, épistémologie et continent Africain.
Intervenant Felwine Sarr - Université Gaston Berger, Saint Louis du Sénégal
Thématique / Thema Transformations du monde contemporain, épistémologie et continent Africain.
  • Mardi 21 mars 2017 - 12h30 - Salle du Conseil - IGR/IAE
    Transformations du monde contemporain, épistémologie et continent Africain.

    Organisé par Maud Daniel, Karine Picot-Coupey et Céline Schmidt
Intervenant Aurélien Bargain - Université du Maine
Thématique / Thema L’instrumentation de gestion au service de la mutualisation de services publics communaux : quels enjeux pour quels effets ?
coauteur / Co-author Christophe Maurel (Université d’Angers)
Lien / Link 17-03-21_bargain-maurel.pdf
  • Jeudi 26 janvier 2017 - 12h30 - Salle du Conseil - IGR/IAE
    Le développement durable et le SCM : une approche de la dynamique des systèmes

    Organisé par Thi Le Hoa Vo
Intervenante Lawrence Gottschamer - PhD candidate, College of Civil and Environmental Engineering, University of South Florida
Titre / Title «  The energy transition to renewables : A systems perspective  »
Lien / Link 17-01-26_Gottschamer_abstract.pdf
   
Intervenante Lan Anh Nguyen - PhD candidate, IGR-IAE de Rennes
Titre / Title «  Corporate Social Responsibility in global supply chains : a system dynamics approach  »
Lien / Link 17-01-26_Nguyen-Thi-Lan-Anh_abstract.pdf
  • Jeudi 5 janvier 2017 - 12h30 à 14h - Salle 320 - IGR/IAE
    Regards croisés sur la marque

    Organisé par Maud Daniel, Karine Picot-Coupey et Céline Schmidt
Intervenante Marie-Catherine Paquier - Novencia Business School
Titre / Title «  Quand le consommateur est le meilleur storyteller - Le cas de l’acheteur de produits monastiques  »
   
Intervenante Thi Huong Doan - Ecole doctorale Droit, Economie-Gestion, Sociétés, Territoires (Nantes)
Titre / Title «  The impact of customer-perceived brand proximity on the brand equity : the case of Vietnamese food private label  »
   
Intervenante Caroline Ruiller – Roselyne Crambert – Maud Daniel – Emmanuelle Fromont – Karine Picot-Coupey – Laura Sabbado-Da Rosa - IGR-IAE Rennes CREM UMR CNRS 6211
Titre / Title «  Quelles sont les représentations des dirigeants à l’égard de leur adhésion au réseau Produits en Bretagne ?  »
  • Mercredi 14 décembre 2016 - 13h30 à 15h - Salle 321 - IGR/IAE

    Organisé par Maud Daniel, Karine Picot-Coupey et Céline Schmidt
Intervenante Fabien Durif - Vice doyen recherche de l’Ecole des sciences de la gestion de l’UQAM (Montréal)
Titre / Title «  L’écart intention-comportement dans la consommation responsable : les enjeux de l’information environnementale  »
Lien / Link Observatoire de la consommation responsable

Séminaires Franchise et Commerce en réseau 2016-2017

  • Jeudi 9 mars 2017 - 12h45 - IGR/IAE - Amphi 2
Intervenant Dr Anna Watson - Reader in Marketing at the University of Hertfordshire, United Kingdom et Professeur Invitée à l’IGR-IAE Rennes
Titre / Title « When ‘I’ becomes ‘We’ : Organizational identification and franchise performance »
coauteurs / co-authored with Dr Olufunmilola (Lola) Dada - Lancaster University Management School, Lancaster University, Royaume-Uni
Résumé / Abstract Organizational identification, a central concept in the organizational behavior literature, has been found to result in a number of co-operative behaviors, such as greater motivation towards achieving organizational goals, and intention to remain within the organization (Jones and Volpe, 2011 ; Edwards, 2005). It is argued that employees who identify strongly with an organization, are more likely to be motivated to work hard to help achieve organizational goals (Edwards, 2005). Within the context of franchising, however, there has been little application of organizational identity theory (with Watson et al., 2016 ; Zachary et al., 2011 ; and Lawrence and Kaufmann, 2011 being notable exceptions), despite the importance of ensuring that franchisee’s behaviors are aligned with the interests of the franchisor. Whilst the extant literature on organizational identification outside of franchising suggests a positive relationship between firm performance and organizational identification (Riketta, 2005 ; Riketta and Van Dick, 2005 ; Van Knippenberg and Sleebos, 2006 ; Edwards and Peccei, 2010), it is not known if/how identification impacts franchise performance. This paper therefore seeks to empirically explore the relationship between organizational identification and franchise performance (at both system and unit level). Furthermore, given the potential importance of promoting organizational identification, the paper explores the role of different franchise management structures on organizational identification by franchisees.
Through a survey of 173 franchisees in the United States, we find that organizational identification by franchisees is indeed positively related to franchise system performance. Furthermore, institutional support of entrepreneurial activities was found to be positively associated with organizational identification. The findings highlight the potential benefit to the system of creating and implementing support structures which give provision for autonomy and participative practices, and the potential importance of organizational identification in protecting the system from opportunistic behaviors by franchisees. The findings also highlight that our understanding of franchising has the potential to be enhanced by employing new theoretical perspectives, such as organizational theory.
mots clés / Keywords organizational identification, franchise performance, franchise support
  • Mardi 29 novembre 2016 - 12h45- IGR/IAE - Amphi 2

Intervenant Evelien Croonen - Faculty of Economics and Business, University of Groningen - the Netherlands & professeur invitée à l’IGR-IAE Rennes
Titre / Title « Should I stay or should I go ? Explaining entrepreneurs’ network exits in a franchising context »
coauteurs / co-authored with Dr. Thijs Broekhuizen, Dr. Maryse Brand
Résumé / Abstract Few studies explain why entrepreneurs exit collaborative networks. As different network forms have their specific contingencies and outcomes, this study focuses on one specific network form by examining why and under what conditions franchisee-entrepreneurs exit their franchise networks. Building on Social Exchange Theory, we argue that franchisees’ perceived relational rewards determine exit intentions that, in turn, drive exit behaviors. However, the impact of these rewards is contingent on franchisees’ social (i.e. the franchisor’s assessment of franchise relationship quality) and psychological (i.e. franchisees’ entrepreneurial motivations) contextual conditions. Using data on both sides of 120 franchisor-franchisee dyads within one franchise network and combining them with post-hoc exit data, we find that franchisees’ exit intentions play a crucial role in mediating the impact of franchisees’ relational rewards on their network exit behaviors. Moreover, the franchisor’s assessment of franchise relationship quality and the franchisees’ extrinsic motivations moderate the impact of relational rewards on exit intentions. Our study contributes to a better understanding of franchisee network exit behaviors, and in a broader sense of entrepreneurs’ exits from collaborative networks. Finally, it provides managerial insights for franchisors and other ‘network parents’ to improve acquisition and retention policies.