Does board diversity matter for innovation performance? : evidence from the world’s most innovative firms

In this paper, we study the impact of board diversity, considering both surface-level (gender and ethnic) and deep- level (educational and functional) diversity, on innovation performance. To empirically assess this impact, we collect data on the world's 100 most innovative companies according to Forbes 2018’ ranking. The results suggest that gender diversity and ethnic diversity do not influence innovation performance. We also find that moderating gender and ethnic diversities by knowledge (educational and functional diversity) do not impact innovation performance. However, the results show that board size, as well as firms’ sector and region, have a significant influence on innovation performance

Identifying the determinants of corporate venture capital strategy: evidence from French firms

CNRS 4, FNEGE 4, HCERES CInternational audienceIn this paper, we aim to empirically assess the main determinants of decisions of established large firms to launch or join a corporate venture fund. Our study is performed on a database of all French firms that adopted a corporate venture capital (CVC) strategy between 1995 and 2015. This specifically collected dataset includes 58 large groups listed on the SBF 120 index, with 29 groups that launched or joined CVC funds and the other 29 groups are our control sample. The results provide evidence that a firm's CVC strategy is an increasing function of the strength of its specific resources, its performance, the availability of resources, and its low level of indebtedness

Venture capital activities under uncertainty: US and UK investors behavior

International audienc

Crise de Covid-19 et gestion des problèmes de trésorerie : le lease-back est-il une solution plausible ?

Sabrina Khemiri, enseignante-chercheuse à l’EMLV , nous fait part de son expertise en finance d’entreprise, analyse de données, finance de marché et comptabilité des sociétés. Selon cette tribune publiée récemment par le site Entreprendre.fr, le leaseback (cession-bail) peut constituer un levier de financement.Dans une tribune publiée sur le site entreprendre.fr, Sabrina Khemiri, professeur associée à l’EMLV, se penche sur une solution prometteuse pour renforcer la trésorerie des entreprises pendant la crise économique mondiale créée par le Coronavirus. Le lease-back, comme soupape de sécurité face aux problèmes mondiaux, aide les entreprises à générer des liquidités, tout en bénéficiant d’avantages fiscaux

Does directors’ educational background influence financing innovation through corporate venture capital investments? Evidence from France

International audienc

UK SMEs in COVID-distress – could leaseback be a lifeline?

Contribution à un site webMost countries in the world have been heavily affected by COVID-19 since the beginning of the crisis last year. The United Nations Secretary-General António Guterres rightly described the pandemic as the worst global crisis facing humanity since the Second World War. After first emerging in China the spread of the virus pushed many countries to impose national lockdowns and quarantine policies to flatten the exponential growth curve of infections. As a result, global economies have faced unprecedented decline and many companies have been forced to cease their activities, leading to operational or liquidity crises. [...

Covid-19, leaseback, and small business risk failure in the UK

Contribution à un site we

Quotas for women on board and corporate venture capital investments in France

Best paper award nominee in the corporate governance SIG of the conferenceInternational audienc

UK SMEs in COVID-distress – could leaseback be a lifeline?

Contribution à un site webMost countries in the world have been heavily affected by COVID-19 since the beginning of the crisis last year. The United Nations Secretary-General António Guterres rightly described the pandemic as the worst global crisis facing humanity since the Second World War. After first emerging in China the spread of the virus pushed many countries to impose national lockdowns and quarantine policies to flatten the exponential growth curve of infections. As a result, global economies have faced unprecedented decline and many companies have been forced to cease their activities, leading to operational or liquidity crises. [...

Innovation ou exploitation : comment investir de manière pertinente en capital-risque industriel ?

International audienceLa crise liée au coronavirus a montré que le comportement des investisseurs en capital-risque industriel s’est avéré résilient. Le capital-risque industriel (CRI), Corporate Venture Capital en anglais, est une stratégie entrepreneuriale, qui consiste, pour les grands groupes, à créer des fonds d’investissement pour financer des start-up innovantes. Au-delà de leur apport financier, les grands groupes jouent un rôle de coaching et apportent leur savoir-faire managérial et technique aux jeunes pousses. [...