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Aurélie Rousseaux
Coordinator
ULB CP 145/01
Av F.D. Roosevelt, 50
1050 Brussels

Email: aurousse@ulb.ac.be
Tel: +32 (0)2 650.48.64
Fax: +32 (0)2 650.41.88
 
Working Papers
 
Solvay Business School CEB Working Papers

WorkingPapers



 
2008
WP-CEB: N°08-029De Scheemaekere X. and A. Szafarz, Inverting Bernoulli’s Theorem: The Original Sin
  
WP-CEB: N°08-028Maréchal K., H. Aubaret-Joachain and J-P. Ledant, The influence of Economics on agricultural systems: an evolutionary and ecological perspective
  
WP-CEB: N°08-027De Scheemaekere X., Risk indifference pricing and backward stochastic differential equations
  
WP-CEB: N°08-026Farvaque E., N. Matsueda and P-G Méon, How monetary policy committees impact the volatility of policy rates
  
WP-CEB: N°08-025Périlleux A., Les coopératives d’épargne et de crédit en microfinance face aux problématiques de gouvernance et de croissance
  
WP-CEB: N°08-024Niyongabo E., Défis du financement agricole et rural, rôle pour la microfinance et implications pour les politiques publiques en Afrique subsaharienne. Pistes de recherche basées sur le cas du Burundi.
  
WP-CEB: N°08-023Farber A., Nguyen Huu Tu, Tran Tri Dung and Quan Hoang Vuong, The financial storms in Vietnam’s transition economy: A reasoning on the 1991-2008 period.
  
WP-CEB: N°08-022Jung C.G., O. Ioannidou and A. Zabaniotou, Validation of a predictive model applied to biomass using pyrolysis laboratory experimental results of agricultural residues
  
WP-CEB: N°08-021Peters M. and H. Pirotte, Comment on the proposed CRD amendment on significant risk transfer
  
WP-CEB: N°08-020Lorent B., Raisons Fondamentales d’une Régulation Prudentielle du Secteur des Assurances
  
WP-CEB: N°08-019Méon P-G. and A. Szafarz, Labour market discrimination as an agency cost
  
WP-CEB: N°08-018Brière M., A. Chapelle and A. Szafarz, No contagion, only globalization and flight to quality
  
WP-CEB: N°08-017De Scheemaekere X. and A. Szafarz, The Special Status of Mathematical Probability: A Historical Sketch.
  
WP-CEB: N°08-016van Zeebroeck, N. and B. van Pottelsberghe, Filing strategies and patent value, CEB Working Paper
  
WP-CEB: N°08-015Bernal O., K. Oosterlinck and A. Szafarz, Observing bailout expectations during a total eclipse of the sun
  
WP-CEB: N°08-014Boulier J.-F., M. Briere and J.-R. Viala, Do Leveraged Credit Derivatives Modify Credit Allocation?
  
WP-CEB: N°08-013Guellec, D., B. van Pottelsberghe and N. van Zeebroeck, Patents and Academic Research: A State of the Art, Journal of Intellectual Capital, Vol. 9 No 2.
  
WP-CEB: N°08-012Maréchal K., An evolutionary perspective on the economics of energy consumption: the crucial role of habits.
  
WP-CEB: N°08-011Oosterlinck K. and L. Ureche-Rangau, Multiple Potential Payers and Sovereign Bond Prices.
  
WP-CEB: N°08-010Lewin A. Y., S. Massini and C. Peeters, The Configuration of Internal and External Practiced. Routines of Absorptive Capacity: A New Perspective
  
WP-CEB: N°08-009Lewin A. Y., S. Massini and C. Peeters, Why Are Companies Offshoring Innovation? The Emerging Global Race for Talent
  
WP-CEB: N°08-008de Rassenfosse G. and B. van Pottelsberghe, A Policy Insight into the R&D-Patent Relationship
  
WP-CEB: N°08-007Lorent B., Risks and Regulation of Insurance Companies. Is Solvency II the Right Answer?
  
WP-CEB: N°08-006Hudon M., Norms and Values of the Various Microfinance Institutions, International Journal of Social Economics, 1-2, pp. 35-48.
  
WP-CEB: N°08-005Fontana A., Biosphère et société : les limites de l’épure.
  
WP-CEB: N°08-004Rossel-Cambier K., Combined Micro-Finance: Selected Research Questions from a Stakeholder Point of View
  
WP-CEB: N°08-003Labie M. and A. Périlleux, Corporate Governance in Microfinance : Credit Unions
  
WP-CEB: N°08-002Mathieu A. and B. van Pottelsberghe, A note on the drivers of R&D intensity.
  
WP-CEB: N°08-001Armendariz B. and N. Roome, Empowering women via microfinance in fragile states.
  
 
2007
WP-CEB: N°07-040Rossel-Cambier K., T. Olsen and N. Pourzand, Investing in knowledge for evidence-based social policies for children: two case studies of knowledge dissemination initiatives in the Eastern Caribbean
  
WP-CEB: N°07-039Gheeraert L. and R. Sukadi, Remittances and Domestic Investment: An Analysis of the Role of Financial Sector Development.
  
WP-CEB: N°07-038Brière M. and F. Ielpo, Yield curve reaction to macroeconomic news in Europe : disentangling the US influence.
  
WP-CEB: N°07-037 Rozenbaum R., Does Artistic Value explain the performance of Contemporary Artists?
  
WP-CEB: N°07-036Garcia-Prieto P., V. Tran and S. Schneider, The role emotion in strategic issue interpretation: The case of diversity.
  
WP-CEB: N°07-035Mathieu A., M. Meyer and B. van Pottelsberghe, Turning science into business: A case study of a major European research university
  
WP-CEB: N°07-034Gallais-Hamonno G. and Huyen Nguyen-Thi-Thanh, The Necessity to Correct Hedge Fund Returns: Empirical Evidence and Correction Method
  
WP-CEB: N°07-033Fontana A., Compte-rendu du supplément 36 de Hesperia: “The Chrysokamino Metallurgy Workshop and its Terrirory”, Philip P. Betancour
  
WP-CEB: N°07-032Fontana A., Les Techniques thermiques : Pyrolyse - Thermolyse et Gazéification
  
WP-CEB: N°07-031Fontana A. and C.G. Jung, Le recyclage – aspects stratégiques
  
WP-CEB: N°07-030Briere M. and A. Szafarz, Crisis-Robust Bond Portfolios
  
WP-CEB: N°07-029Brière M. and O. Signori, Do Inflation-Linked Bonds Still Diversify?
  
WP-CEB: N°07-028van Zeebroeck N. , Patents only live twice: a patent survival analysis in Europe.
  
WP-CEB: N°07-027Méon P-G., F. Schneider and L. Weill, Does taking the shadow economy into account matter to measure aggregate efficiency?
  
WP-CEB: N°07-026Jung C. G. and A. Fontana, Slow Pyrolysis vs Gasification : mass and energy balances using a predictive model
  
WP-CEB: N°07-025Jung C. G., Caractérisation des matières résiduaires et déchets . Modèle prédictif du comportement d’un déchet.
  
WP-CEB: N°07-024Hamelin A. and J. Trojman, Family ownership and growth: The case of French SMEs
  
WP-CEB: N°07-023van Zeebroeck N., The puzzle of patent value indicators.
  
WP-CEB: N°07-022de Rassenfosse G. and B. van Pottelsberghe, Per un pugno di dollari: A first look at the price elasticity of patents
  
WP-CEB: N°07-021Szafarz A., Hiring People-like-Yourself: A Representation of Discrimination on the Job Market
  
WP-CEB: N°07-020Hudon M., Use of Donor Funds in the Financing of MFIs
  
WP-CEB: N°07-019van Pottelsberghe, B. and N. van Zeebroeck, A Brief History of Space and Time: the Scope-Year Index as a Patent Value Indicator Based on Families and Renewals, Scientometrics, Vol. 75, No. 2 (May 2008), forthcoming.
  
WP-CEB: N°07-018Sapsalis E., From Science to Licence: An exploratory analysis of the value of academic patents
  
WP-CEB: N°07-017Sapsalis E., Sciences vs Technology: A faculty dilemma? 35 years of patenting at the School of Engineering and Applied Science of Columbia University
  
WP-CEB: N°07-016De Mooij R. and G. Nicodeme, Corporate tax policy and incorporation in the EU
  
WP-CEB: N°07-015Huizinga H., L. Laeven and G. Nicodeme, Capital Structure and International Debt Shifting
  
WP-CEB: N°07-014Vanroose A., Is Microfinance an Ethical Way to Provide Financial Services to the Poor?, Ethics and Economics , 2007, 5, 1.
  
WP-CEB: N°07-013Beine M., O. Bernal, J-Y. Gnabo and C. Lecourt, Intervention Policy of the BoJ: A Unified Approach
  
WP-CEB: N°07-012Blazy R. and L. Weill, The Impact of Legal Sanctions on Moral Hazard when Debt Contracts are Renegotiable
  
WP-CEB: N°07-011Bourachnikova O., Weighting Function in the Behavioral Portfolio Theory
  
WP-CEB: N°07-010Pfiffelmann M., Which Optimal Design for Lottery Linked Deposit Accounts?
  
WP-CEB: N°07-009Méon P-G and L. Weill, Does Financial Intermediation Matter for Macroeconomic efficiency?
  
WP-CEB: N°07-008Hudon M., Should Access to Credit be a Right?, Journal of Business Ethics (forthcoming)
  
WP-CEB: N°07-007Lazaridis G. and B. van Pottelsberghe, "The rigour of EPO’s patentability criteria: An insight into the “induced withdrawals”, World Patent Information, 29, 4, pp. 317-326.
  
WP-CEB: N°07-006Szafarz A., "L'évolution du concept de Probabilité de Pascal à Laplace", Technologia, 8, 3, pp. 67-75, 1985.
  
WP-CEB: N°07-005Szafarz A., "Richard von Mises : l'échec d'une axiomatique", Dialectica, 38, 4, pp. 311-317, 1984.
  
WP-CEB: N°07-004Farber A., R. Gillet and A. Szafarz, "A general formula for the WACC: A reply", International Journal of Business, 12, 3, pp. 405-411.
  
WP-CEB: N°07-003Hudon M., Social Justice with Credits to the Poor
  
WP-CEB: N°07-002Hudon M. and H. D. Seibel, "Use of microfinance in post-conflict and post-disaster situations: Turning victims into shareholders", Savings and Development, 5, pp. 5-22
  
WP-CEB: N°07-001Nicodeme G., Do Large Companies Have Lower Effective Corporate Tax Rates? A European Survey
  
 
2006
WP-CEB: N°06-025Gheeraert L., Emerging Stock Market Returns: A Survey
  
WP-CEB: N°06-024Brière M. , Signori O., Topeglo K., Bond Market “Conundrum”: New Factors Explaining Long-term Interest Rates?
  
WP-CEB: N°06-023Levy M., Control in Pyramidal Structures
  
WP-CEB: N°06-022Lorent B., Solvency II : Avancées des travaux, published in Revue Bancaire et Financière, 2007/2.
  
WP-CEB: N°06-021Vanroose A., The uneven development of microfinance: A Latin-American perspective
  
WP-CEB: N°06-020Hudon M. and D. Traça, On the Efficiency Effects of Subsidies in Microfinance: An Empirical Inquiry
  
WP-CEB: N°06-019Archontopoulos, E., D. Guellec, N. Stevensborg, B. van Pottelsberghe and N. van Zeebroeck, When small is beautiful: measuring the evolution and consequences of the voluminosity of patent applications at the EPO, Information Economics and Policy, Vol 19, No. 2 (June 2007).
  
WP-CEB: N°06-018van Zeebroeck N., B. van Pottelsberghe and D. Guellec, Claiming more: the increased voluminosity of patent applications and its determinants, CEPR Discussion Paper.
  
WP-CEB: N°06-017De Scheemaekere X., The epistemology of modern finance.
  
WP-CEB: N°06-016Hudon M. and T. Ouro-Koura, Etude des facteurs contingents du taux de remboursement au sein d’une institution de microfinance : le cas du Togo, Annals of Public and Cooperative Economics, 79, 2 pp. 301-322.
  
WP-CEB: N°06-015Hudon M., Fair interest rates when lending to the poor: Are fair prices derived from basic principles of justice?
  
WP-CEB: N°06-014Hudon M. and B. Lietaer, “Natural Savings”: A New Microsavings Product for Inflationary Environments. How to Save Forests with Savings for and by the Poor?, Savings and Development, 4, pp. 357-381.
  
WP-CEB: N°06-013Verstraeten M., L'intervenant face aux objectifs de mission: entre tensions vécues et régulations tentées.
  
WP-CEB: N°06-012Occhino F., Oosterlinck K and White E., How occupied France financed its own exploitation during WW2, NBER Working Paper n° W12137, 55p, 2006
  
WP-CEB: N°06-011Haverals J., "True and Fair view" ou le concept de l’image fidèle des comptes annuels, Comptabilité et Fiscalité Pratiques, 2006, n° 7.
  
WP-CEB: N°06-010Chandelle F. et J. Haverals, "Analyse des impacts financiers, organisationnels et marketing des normes IFRS dans le secteur des assurances"
  
WP-CEB: N°06-009Brière M., Market Reactions to Central Bank Communication Policies : Reading Interest Rate Options Smiles.
  
WP-CEB: N°06-008Gillet R., R. Goffin, I. Nagot and A. Szafarz, Stratégies d'investissement en actions et fonds à capital garanti.
  
WP-CEB: N°06-007Chapelle A. and A. Szafarz, "Control consolidation with a threshold: An algorithm", IMA Journal of Management Mathematics, 18, 3, pp. 235-243.
  
WP-CEB: N°06-005Farber A., Nguyen Van Nam and Vuong Quan Hoang, Policy Impacts on Vietnam Strock Markets: A Case of Anomalies and Disequilibria 2000-2006.
  
WP-CEB: N°06-004Farber A., Nguyen Van Huu and Vuong Quan Hoang, A new proposition on the martingale representation theorem and on the approximate hedging of contingent claim in mean-variance criterion
  
WP-CEB: N°06-003Brière M. and A. Cohen, A quoi réagit le marché des obligations privées?
  
WP-CEB: N°06-002van Pottelsberghe and D. François, The cost factor in patent systems.
  
WP-CEB: N°06-001Hudon M., Risques et dangers: quelle classification et modes de gestion?
  
 
2005
WP-CEB: N°05-016van Zeebroeck N., B. van Pottelsberghe, W. Han, Issues in Measuring the Degree of Technological Specialization with Patent Data, Scientometrics, Vol. 66, No. 3, February 2006, pp. 481-492.
  
WP-CEB: N°05-015Hudon M., Subsidies and financial performances of the microfinance institutions: Does management matter?
  
WP-CEB: N°05-014Barras L. Scaillet O. and R. Wermers, False Discoveries in Mutual Fund Performance: Measuring Luck in Estimated Alphas.
  
WP-CEB: N°05-013Landon-Lane J. and K. Oosterlinck, "Hope springs eternal: French bondholders and the Soviet repudiation (1915-1919)", Review of Finance, 2006, 10, 4, pp. 1-29.
  
WP-CEB: N°05-012Farber A., R. Gillet and A. Szafarz, "A general formula for the WACC", International Journal of Business, 11, 2, pp. 211-218.
  
WP-CEB: N°05-011Haverals J., IAS/IFRS in Belgium: Quantitative Analysis of the Impact on the Tax Burden of Companies.
  
WP-CEB: N°05-010Dutt P. and D. Traça, "Trade and the Skill-bias - It's not how much, but with whom, you trade"
  
WP-CEB: N°05-009Azizih C. and W. Breymann, Estimation of the Stylized Facts of a Stochastic Cascade Model
  
WP-CEB: N°05-008Sapsalis E., B. van Pottelsberghe and R. Navon, "Academic Patenting vs. Industry Patenting: An in-depth analysis of what determines patent value", Research Policy, 2006, 35, 10, pp. 1631–1645.
  
WP-CEB: N°05-007Mortehan O. and B. van Pottelsberghe, Collaborative agreements and R&D intensity, published in Taiwan Academy of Management Journal, 6(2), pp. 11-14, 2006
  
WP-CEB: N°05-006Azizieh C., V. Denolin and T. Metens, New insights into the mechanisms of signal formation in RF-spoiled gradient echo sequences
  
WP-CEB: N°05-005Sapsalis E., B. Van Looyk, B. van Pottelsberghe, J. Callaert and J. Debackere, Antecedents of patenting activity of European universities (previously named The determinants of the Patenting Behavior of European Universities).
  
WP-CEB: N°05-004Chapelle A. and A. Szafarz, "Controlling firms through the majority voting rule", Physica A, 355, pp. 509-529.
  
WP-CEB: N°05-003Gheeraert L. and J. Malek Mansour, On the Impact of Private Capital Flows on Economic Growth and Development.
  
WP-CEB: N°05-002Peeters C. and B. van Pottelsberghe, Innovation Capabilities and Returns to Scale.
  
WP-CEB: N°05-001Traça D., Wage Restraint and Volatility
  
 
2004
WP-CEB: N°04-031Subramanian V. and P. Verdin, What Value Leaders Do?
  
WP-CEB: N°04-030Peeters C. and B. van Pottelsberghe, Innovation Capabilities and Firm Labor Productivity.
  
WP-CEB: N°04-029Loulit A., Asymptotic approximation of the Hitting- time and evaluation of a risky bond
  
WP-CEB: N°04-028Loulit A., Approximating equity volatility.
  
WP-CEB: N°04-027Bozkaya A. and B. van Pottelsberghe, "Who funds technology-base small firms: Evidence from Belgium", Economics of Innovation and New Technology, forthcoming.
  
WP-CEB: N°04-026Oosterlinck K., Market microstructure and Nazi influence on the Paris stock exchange during WWII.
  
WP-CEB: N°04-025Galgau O. and K. Sekkat, "Does economic integration affect FDI inflows to member countries equally?: An empirical analysis for Europe"
  
WP-CEB: N°04-024Martinez-Mongay C. and K. Sekkat, "The tradeoff between efficiency and macroeconomic stabilisation in Europe"
  
WP-CEB: N°04-023Sekkat K., M.-A. Veganzones-Varoudakis, "Trade and Foreign Exchange Liberalization, Investment Climate and FDI in the MENA Countries"
  
WP-CEB: N°04-022Oosterlinck K. and A. Szafarz, One Asset, Two Prices: The case of the Tsarist Repudiated Bonds.
  
WP-CEB: N°04-021Oosterlinck K. and L. Ureche-Rangau, "Entre la peste et le choléra: le détenteur d’obligations peut préférer la répudiation au défaut", Revue d’Economie Financière, 79, pp. 309-331, 2005.
  
WP-CEB: N°04-020Bozkaya A., A. Romain and B. van Pottelsberghe, Surveying technology-based small firms a perspective from Belgium.
  
WP-CEB: N°04-019Chapelle A., "Block investments and the race for corporate control", Corporate Ownership and Control, 2, 1, pp. 11-25, 2004.
  
WP-CEB: N°04-018Chapelle A., Separation between ownership and control : Where do we stand?, Forthcoming in Corporate Ownership and Control
  
WP-CEB: N°04-017Laurent M-P, Asset Return Correlation in Basel II: Implications for Credit Risk Management
  
WP-CEB: N°04-016Laurent M-P, Non-Maturity Deposits with a Fidelity Premium
  
WP-CEB: N°04-015Romain A. and B. van Pottelsberghe, The determinants of venture capital: A Panel Data Analysis of 16 OECD Countries.
  
WP-CEB: N°04-014Romain A. and B. van Pottelsberghe, The economic impact of venture capital.
  
WP-CEB: N°04-013Guellec D. and B. van Pottelsberghe, Measuring the globalisation of technology: An approach based on patent data
  
WP-CEB: N°04-012van Pottelsberghe, E. Megally and S. Nysten, Analyse critique des incitants fiscaux à la RD des entreprises (Abstract), published in Reflets et perspectives de la vie économique, p. 71 à 92 , 2004.
  
WP-CEB: N°04-011van Pottelsberghe B., Les politiques de science et technologie et l’objectif de Lisbonne, published in Reflets et perspectives de la vie économique, p. 69 à 86.
  
WP-CEB: N°04-010Guellec D. and B. van Pottelsberghe, From R&D to Productivity Growth: Do the Institutional Settings and the Source of Funds of R&D Matter?, published in Oxford Bulletin of Economics and Statistics, 66(3), pp. 353-378.
  
WP-CEB: N°04-009Sapsalis E. and B. van Pottelsberghe, Insight into the patenting performance of Belgian universities, published in Brussels Economic Review , 46, 3, pp. 1-22.
  
WP-CEB: N°04-008Pirotte H., M. Schmit and C. Vaessen, Credit Risk Mitigation Evidence in Auto Leases: LGD and Residual Value Risk
  
WP-CEB: N°04-007Peeters C. and B. van Pottelsberghe, Strategic Management of Innovation and Patenting Performances
  
WP-CEB: N°04-006Peeters C. and B. van Pottelsberghe, Organizational Competencies and Innovation Performances: The Case of Large Firms in Belgium
  
WP-CEB: N°04-005Peeters C. and B. van Pottelsberghe, Measuring Innovation Competencies and Performances: A Survey of Large Firms in Belgium
  
WP-CEB: N°04-004Gillet R. et A . Szafarz, "L’efficience informationnelle des marchés. Une hypothèse, et au-delà?", Croyances, représentations collectives et conventions en finance, Economica (Collection "Recherche en gestion") édité par D. Bourghelle, O. Brandouy, R. Gillet et A. Orléan, pp.43-58.
  
WP-CEB: N°04-002Oosterlinck K., La bourse de Paris sous l'occupation 1940-1944
  
WP-CEB: N°04-001Oosterlinck K., "Sovereign bonds during troubled times: A historical perspective", in Contemporaneous Issues in International Finance, Ed. by Robert S. Uh., Nova Science Publishers, New York, pp. 63-79, 2006.
  
 
2003
WP-CEB: N°03-013Vuong Quan Hoang, Essays on Vietnam’s Financial Reforms: Foreign Exchange Statistics and Evidence of Long-Run Equilibrium
  
WP-CEB: N°03-012Rossel-Cambier K., The Health Workforce and Workforce Performance
  
WP-CEB: N°03-011van Pottelsberghe B., E. Megally and S. Nysten, Evaluation of current fiscal incentives for business R&D in Belgium.
  
WP-CEB: N°03-010Oosterlinck K., Why do investors still hope? The soviet repudiation puzzle (1918-1919), in Economic History, 2004.
  
WP-CEB: N°03-009Schmit M., Is Automotive Leasing a Risky Business?
  
WP-CEB: N°03-008Beine M. and A. Szafarz, The Design of Effective Central Bank Interventions: the yen/dollar case.
  
WP-CEB: N°03-007Duchemin S., M-P Laurent and M. Schmit, Asset return correlation: The case of automotive lease portfolios
  
WP-CEB: N°03-006Chapelle A., M.-P. Laurent et A. Szafarz, "L'effet de l'âge de l'investisseur sur le niveau de risque de son portefeuille", published in La Revue du Financier, 142, pp. 20-32, 2003.
  
WP-CEB: N°03-005Laurent M-P, The effect of earnings release for Belgian listed companies
  
WP-CEB: N°03-004Laurent M-P, Indices as diversification instruments in Europe
  
WP-CEB: N°03-003Oosterlinck K., The bond market and the legitimacy of Vichy France, published in Explorations in Economic History, 40, pp. 326-344.
  
WP-CEB: N°03-002Chapelle A. and A. Szafarz, Ownership and Control: Dissecting the Pyramid
  
WP-CEB: N°03-001Biebuyck T., A. Chapelle and A. Szafarz, "Les leviers de contrôle des actionnaires majoritaires", Revue Gouvernance, 1, 2, pp. 52-70.
  
 
2002
WP-CEB: N°02-001Vuong Quan Hoang, Empirical Evidence of Conditional Heteroskedasticity in Vietnam’s Stock Returns Time Series
  
 
1999
WP-CEB: N°99-002Pirotte H., A Structural Model of the Term Structure of Credit Spreads with Stochastic Recovery and Contractual Design.
  
WP-CEB: N°99-001Pirotte H., Implementing a Structural Valuation Model of Swap Credit- Sensitive Rates.
  
 
1997
WP-CEB: N°97-002Rossel-Cambier K., Sustainable Disarmament for Sustainable Development
  

 

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