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

Financial crisis and private equity performance in France

CNRS 4, FNEGE 4, HCERES CInternational audienceThis study aims at analysing the performance of the private equity industry in France taking into account the financial subprime crisis. Based on a sample of 339 private equity funds, the results show that the financial crisis negatively and significantly impacted the performance of private equity funds. Development capital funds and buy-out funds experienced a significant decline in their performance after the crisis. Results show a better resilience of small funds in comparison to larger ones. The bigger funds suffered from a severe drop in their performance after the beginning of the financial crisis

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

Carbon emissions and debt maturity structure: does financial analyst coverage matter?

International audienc

Venture capital activities under uncertainty: US and UK investors behavior

International audienc

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

Contribution à un site we

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

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