Vol. 4 No. 4 (2016): Market Finance versus Subprime Crisis

Can one trust the stock market quotations to make investment decisions at the time of the Subprime Crisis? Indeed, it is the real nagging question that interests both economists and managers and justifies that the Review CREMA dedicates an ad-hoc dossier, in its n ° 4/2016, to the Finance Market versus Subprime Crisis of the at the time of the COP 22 in Marrakech. This trend began to emerge about thirty years ago and is now tending to replace the dominant paradigm of market efficiency.

 

The aim of this issue is to show the interest of social, ethical and environmental approaches, in particular Market Finance, in order to construct a theory of sustainable governance to remedy the many shortcomings of the dominant legal-financial theory.

 

The reflection undertaken shows that the problems raised by the notion of behavioral bias "nudging" and its integration into the theory of Sustainable Development. Contributors to this issue highlighted the backbone of Market Finance versus the Subprime Crisis, the rationality of investment and the main behavioral bias highlighted in the financial literature, alternative risk choice theory, A particular financial product, in laboratory experimental studies and in empirical analyzes of the composition of the portfolios of individual and / or collective investors.

The ambition of this research opus is declined on seven (7) prominent themes :

  1. Behavioral theory of choice of portfolio: comparison between asset choices in Morocco by the classical approach and the behavioral approach. State of research ;
  2. The impact of Initial Public Offering on the economic and financial performance of family businesses in Morocco ;
  3. Informational efficiency of the Moroccan stock market and the impact of behavioral finance on the rationality of investors ;
  4. Numerical modeling and mathematics of Building Energy Rating ;
  5. Sustainable development, a promising field of action for non-financial rating agencies ;
  6. Corporate social responsibility: What about companies in Algeria ?
  7. The diversity of dashboard content within medium-sized enterprises.
Publié-e: 06-03-2017