CEO Reciprocal Interlocks in French Corporations

In France the chairperson of the board is mostoften the firm's CEO. This position strengthensthe insiders' hold on the board of directors.Moreover, a large fraction of outside directorsis composed of CEOs of other firms. Thereciprocal interlocking of CEOs creates the possibility of mutual interdependence of CEOs.We investigate factors explaining reciprocalinterlocking directorates of CEOs in Frenchcorporations. Our results indicate that CEOs oflarger firms hold more reciprocal CEOinterlocks and when CEOs have more outsidedirectorships, CEOs hold more reciprocalrelationships. We also find a positiverelationship between the number of CEOsreciprocal interlocks and their firms'performance measured by ROA. We find evidencethat CEOs hold more reciprocal interlocks whena blockholder is present on the CEO's board.     

Sharing beliefs and the absence of betting in the Choquet expected utility model

Choquet expected utility maximizers tend to behave in a more “cautious” way than Bayesian agents, i. e. expected utility maximizers. We illustrate this phenomenon in the particular case of betting behavior. Specifically, consider agents who are Choquet expected utility maximizers. Then, if the economy is large, Pareto optimal allocations provide full insurance if and only if the agents share at least on prior, i. e., if the intersection of the core of the capacities representing their beliefs is non empty. In the expected utility case, this is true only if they have a common prior. Received: July 2000; revised version: May 2001     

Lorenz non-consistent welfare and inequality measurement

Typical welfare and inequality measures are required to be Lorenz consistent which guarantees that inequality decreases and welfare increases as a result of a progressive transfer. We explore the implications for welfare and inequality measurement of substituting the weaker absolute differentials and deprivation quasi-orderings for the Lorenz quasi-ordering. Restricting attention to distributions of equal means, we show that the utilitarian model – the so-called expected utility model in the theory of risk – does not permit one to make a distinction between the views embedded in the differentials, deprivation and Lorenz quasi-orderings. In contrast it is possible within the dual model of M. Yaari (Econometrica 55 (1987), 99–115) to derive the restrictions to be placed on the weighting function which guarantee that the corresponding welfare orderings are consistent with the differentials and deprivation quasi-orderings respectively. Finally we drop the equal mean condition and indicate the implications of our approach for the absolute ethical inequality indices.     

International accounting: a French perspective

The objective of this article is to show how slow and imperfect the international accounting harmonization and standardization process is, based on the example of France but also some other European countries. One of the explanations is that accounting is a mirror of a society. Therefore, international harmonization and standardization is a response to social needs, a compromise among different interests, not only a technical process.     

The mediating role of work-to-family conflict in the relationship between shiftwork and depression

Abstract

With significant segments of the working population involved in shiftwork, there is the possibility of serious health outcomes. There are two possible pathways to ill health. In the biological pathway the body's circadian rhythms are affected, leading to physiological disturbances and the inability to cope. By contrast, the aim of this study is to elucidate a social pathway by which shiftwork may lead to mental ill health. It examines the mediating influence of work-to-family conflict in the association between shiftwork and depression. Gender differences are also investigated. The sample included 2,931 Canadian respondents with a spouse and at least one child living at home. Close to 28% of respondents were involved in some form of shiftwork. Structural equation modelling supported partial mediation through work-to-family conflict. Further analyses found that mediation was supported in sub-samples of male and female respondents. The results, however, suggest that the experience of shiftwork is quite similar for men and women as no significant differences were found between mediating models. Overall, the findings support the social explanation of the effect of shiftwork on mental health, but they do not rule out other social or biological pathways.     

CONTROL: the extractive ecology of corn monoculture

This article tells the history of the industrial and biotechnological development of large-scale corn agriculture, from a new materialist perspective. Addressing the large-scale economy of industrial food production as a form of more-than-human configuration, it demonstrates how corn has been made into a quintessential commodity and factor of production for a consumption-based economy. Set within discourses around the climate crisis, this account critically assesses the Anthropocene and its advocacy for human accountability in regards to the exploitation of nonhuman matters. I ask: who is the Anthropos? How does it/he/she meet with its domesticated subjects, or rather makes them into domesticable materials? Telling the history of corn monoculture from a new materialist standpoint exposes this industry’s distribution of agency, power and control across a diversity of human and nonhuman actors. This is at the centre of this article’s three sections: (1) an argument for inscribing extractivism within new materialist literature, (2) an account of the industrialization of corn monoculture, exposing the industry’s main mechanisms and economic endeavours, as well as its ramifications with a biopolitics of invasion and (3) the biotechnological development of the industry and its shifts from a biopolitics of vegetal matter to an informational extractivism and a necropolitics of killable life. Thus I argue that if the industry of corn monoculture belongs to a broader network of detrimental industries characteristic of the Anthropocene, the geological Anthropos is not to be understood as synonymous with the human species, but as a very restrictive ecology of humans and nonhumans, including corporate, industrial, technoscientific and extractive actors. As such, the article emphasizes the moral necessity of rupturing with the narrative of the Anthropocene, a discourse better suited for supporting existing mechanisms of domination and exploitation constitutive of the economy of climate change.     

On Combining Wavelets Expansion and Sparse Linear Models for Regression on Metabolomic Data and Biomarker Selection

Wavelet thresholding of spectra has to be handled with care when the spectra are the predictors of a regression problem. Indeed, a blind thresholding of the signal followed by a regression method often leads to deteriorated predictions. The scope of this article is to show that sparse regression methods, applied in the wavelet domain, perform an automatic thresholding: the most relevant wavelet coefficients are selected to optimize the prediction of a given target of interest. This approach can be seen as a joint thresholding designed for a predictive purpose. The method is illustrated on a real world problem where metabolomic data are linked to poison ingestion. This example proves the usefulness of wavelet expansion and the good behavior of sparse and regularized methods. A comparison study is performed between the two-steps approach (wavelet thresholding and regression) and the one-step approach (selection of wavelet coefficients with a sparse regression). The comparison includes two types of wavelet bases, various thresholding methods, and various regression methods and is evaluated by calculating prediction performances. Information about the location of the most important features on the spectra was also obtained and used to identify the most relevant metabolites involved in the mice poisoning.