Hind Sami

Université de Lyon

This study examines how financial markets respond to the announcement of a woman's appointment, as opposed to a man's, to senior executive positions, with a focus on the moderating role of national culture. Leveraging a dataset comprising 16,871 executive appointments across 43 countries from 2002 to 2019 (post-Sarbanes-Oxley and pre-COVID-19), we...

This paper develops a model to explore the dynamic interaction between incentive contracts and financial analysts' efforts in producing high-quality research, while accounting for both ethical and reputational concerns. Our findings indicate that compensation structures shaped by reputational and ethical considerations can give rise to incentive-re...

Nous étudions l’impact du genre du directeur administratif et financier sur le conservatisme comptable. Utilisant un échantillon de 361 firmes françaises entre 2010-2017 nous analysons les flux opérationnels et les accruals afin de déterminer s’il existe une asymétrie dans la reconnaissance des pertes et des gains, preuve de conservatisme. Nos résu...

This paper explores whether segregation along ethnic, language and religious lines should be taken as a possible explanation for differences in firms' access to finance.

We propose a career concern model where a privately informed entrepreneur reports the firm financial situation. On this basis, the creditor may offer debt renegotiation. Due to reputation concerns, the entrepreneur may feel reluctant to restructure and manipulate information. We analyze how creditor attitude towards failure and entrepreneurs reputa...

Nous étudions l'impact du genre du directeur administratif et financier sur le conservatisme comptable. A partir d'un échantillon de 361 firmes françaises entre 2010-2017 nous analysons les flux opérationnels et les accruals afin de déterminer si les pertes sont reconnues plus rapidement que les gains. Nos résultats confirment que les femmes adopte...

We investigate the analysts timing decisions and the extent to which timing can be a proxy for their ability. We present a model in which forecast accuracy and timing are affected by information uncertainty stemming from (i) the presence of forecast bias and (ii) investors’ limited capability to adjust to this bias. We assume that the presence of a...

This paper contributes to our understanding of corporate governance in the banking sector by focusing on transition countries. We examine to what extent transitional countries have embraced the wave of new standards introduced by the Basel Committee, the Financial Stability Board or the European Banking Authority. Our analysis focuses on the main g...

Si l’investissement socialement responsable (ISR) séduit de plus en plus d’investisseurs institutionnels, le développement du marché des particuliers reste timide. Peu d’études ont essayé de comprendre ce phénomène. Via une enquête menée auprès d’un panel de consommateurs représentatifs de la province de l’Ontario, cet article présente une lecture...

This paper develops a theoretical model in which a monopolistic analyst may intentionally bias his forecast and strategically chooses the time at which he issues the forecast in order to maximize his revenue. The bias is not tied to any kind of underwriting-related incentive but rather is inherent in the analyst’s function to maximize his revenue f...

Despite significant progress made on gender equality and women’s empowerment, only a small number of women hold top management positions, especially in large enterprises. In 2000, there were only three female CEOs running Fortune 500 firms, significantly less than in 2008 where twelve Fortune 500 companies and twenty-five Fortune 1000 companies cou...

Purpose The purpose of this paper is to add to the understanding of the monitoring role of multiple large shareholders (MLS) by examining their impact on the informativeness of firms' earnings. Design/methodology/approach The paper uses regression models that relate earnings to stock returns for a sample of 402 French publicly traded firms covered...

The objective of this paper is to provide an analysis of the relationship between financial performance and socially responsible behavior at the firm level. Using different accounting and market ratios as proxies for financial performance and individual socially responsible scores for a large number of firms that compose the MSCI Europe index, this...

In an adverse-selection context, we use an experimental protocol to study the intensity and efficiency of a control policy as filtering instrument in the long-term financing relationship between an investor (principal) and an entrepreneur (agent). We find three control effects : a disciplining effect, an educative effect, and a filtering effect. Wh...

Dans un contexte de sélection contraire, il est étudié, à partir d’un protocole expérimental, l’intensité et l’efficacité d’une politique de contrôle comme instrument de filtrage dans la relation de financement de long terme entre un investisseur (Principal) et un entrepreneur (Agent). Trois effets du contrôle sont mis en évidence : disciplinant, é...

This paper examines a financier’s optimal monitoring intensity in a multi-period financing relationship. We identify conditions under which the financier should sometimes misidentify the quality of an entrepreneur. Such an imperfect evaluation technology affects action choices by bad entrepreneurs. We first characterize the optimal monitoring inten...

This paper proposes a model to analyze the dynamic relations between incentive contracts and analysts' effort in providing accurate research when both ethical and reputational concerns matter. First, we show that reputation picks up ability and thus serves as a sorting device: when analysts have a relatively low reputation for providing research qu...

This contribution proposes a model of entrepreneurial activity highlighting a complex relationship between innovation and stigma of failure. Innovation decisions are examined in an endogenous growth model with horizontal differentiation in the spirit of Romer (1990). In our framework, entrepreneurs decide to invent a new good, given entrepreneurial...

This paper proposes a model of entrepreneurial turnover highlighting a non-monotone relationship between technological change and ability-biased sorting into entrepreneurial types. Entrepreneurial decisions are examined in a two-stage model under uncertainty in which entrepreneurs decide to abandon a project and start a new venture depending on tec...

The theory presented in this paper models a dynamic interaction between reputation and underwriting pressure in analyst research. We examine how these conflicting incentives affect the analysts' forecasts strategy and how investment banks may design compensation contracts that induce their analysts to perform the conflicting tasks. First, we show t...

Cet article propose un modèle de choix entrepeneurial mettant en évidence une relation non monotone entre le progrès technique et la sélection des entrepreneurs sur leurs capacités individuelles. Les choix de création d'entreprises sont examinés dans un modèle à deux périodes avec incertitude dans lequel les entrepreneurs décident de continuer ou a...

This article examines the interaction between the restructuring process of a financially distressed firm and the behavior of its manager. We analyze a situation in which a bank decides to offer a renegotiation to a distressed firm, yet the manager is reluctant to implement a restructuring even when this would be efficient. We show that a combinatio...

This article examines the interaction between reorganization procedures and rep- utational concerns. Banks decide to oer a second chance to financially distressed firms, on the basis of priors beliefs about the entrepreneurs' creditworthiness. En- trepreneurs can alter lenders' beliefs by reporting truthfully their level of defaulting loans which i...