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See detailInstitutional Investors, Information Asymmetry, Stock Market Liquidity
Sougné, Danielle ULg; Aymen, Ajina; Faten, Lakhal

in International Journal of Managerial Finance (in press), 11

Purpose. The purpose of this study is to examine the effect of institutional investors ownership and activism on information asymmetry and stock market liquidity in France. Design/methodology/approach ... [more ▼]

Purpose. The purpose of this study is to examine the effect of institutional investors ownership and activism on information asymmetry and stock market liquidity in France. Design/methodology/approach. Our sample includes 162 French-listed firms over a period ranging from 2007 to 2009. Our methodology relies on linear regressions using the method of ordinary least square(OLS). Befor examining the interaction between liquidity and institutional investors, we check for the existence of the endogeneity problem by applying the Durbin-Wu_Hausman test of Davidson and MacKinnon (1993). The results of the endogeneity test show that institutional investor ownership and stock liquidity are endogenous. A simultaneous equation model using the second least square method is then tested to address this problem. Findings The findings show that the proportion of institutional investors has a positive and significant effect on stock-market liquidity, which confirms the signal theory and trading hypothesis. These investors perform high trading activity which favourably affect market liquidity. The results suggests that pension funds manage huge assets decreasing transaction costs and improving liquidity. They display a positive signal to the market about more transparency and a low level of information asymmetry.These results highlight the institutional investors'role in defining the level of liquidity of assets on the French market. Our findings also stress the importance of developing institutional investors'demand for the Paris market in order to better assess firms'values, protect minority ownership and improve market liquidity. Originality/Value In the French institutional setting, institutional investors act as a control device since minority shareholder interests are less protected than in Anglo-American counterparts. This result highlights the significant rôle of institional investors in corporate governance structures and a finacila markets. Their prsence is a guarantee for minority interest protection and for improving market liquidity. [less ▲]

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See detailCahiers d'Etudes Germaniques : Lecteurs/spectateurs d'Alexander Kluge
Cormann, Grégory ULg; Hamers, Jérémy ULg; Letawe, Céline ULg

Book published by Université de Provence (2015)

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See detailLes visages d'Alain Baczynsky
Englebert, Jérôme ULg; Séguin, Marion

Scientific conference (2015, October 10)

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See detailEspace, temps et angoisse psychotique : à propos d'un cas magistral
Englebert, Jérôme ULg

Scientific conference (2015, October 10)

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See detailPersonnalité antisociale et psychopathologie
Englebert, Jérôme ULg

Conference (2015, July 14)

Notre communication a pour objectif de confronter les critères de la personnalité antisociale du DSM-IV et du DSM-5 à une réflexion psychopathologique. Nous commencerons par une analyse des différentes ... [more ▼]

Notre communication a pour objectif de confronter les critères de la personnalité antisociale du DSM-IV et du DSM-5 à une réflexion psychopathologique. Nous commencerons par une analyse des différentes contradictions propres au diagnostic qui nous mèneront à l’identification du critère « primaire » de cette entité qui est l’« incapacité à se conformer aux lois et normes sociales ». Nous confronterons ensuite à des situations cliniques l’hétérogénéité des profils pouvant répondre à ce diagnostic. Nos constats nous conduiront à mettre en doute la validité apparente du concept de personnalité antisociale, puisqu’il recouvre des modes de fonctionnement psychologique variés. La valeur discriminative faible, en matière de fonctionnement psychologique, suggère que c’est une dimension autre que psychopathologique qui organise ce diagnostic. Dénuée de toute attention pour les modes d’interactions, pour le vécu émotionnel et pour les états de subjectivité, la notion de personnalité antisociale ne porte pas d’intérêt à l’individu qu’elle catégorise, mais bien à l’acte délinquant commis par ce dernier. Nous conclurons sur le constat de l’absence de dimension psychopathologique de la personnalité antisociale, qui se révèle être un diagnostic principalement criminologique, à l’inverse des fondements de l’éthique psychopathologique. [less ▲]

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See detailSemiótica de la acción: textualización y notación
Dondero, Maria Giulia ULg

in Tópicos del seminario (2015), 31

Our essay focuses on some methodological issues concerning the semiotic analysis of practice. We will initially retrace the debate about the epistemological relationship between text and action, outlining ... [more ▼]

Our essay focuses on some methodological issues concerning the semiotic analysis of practice. We will initially retrace the debate about the epistemological relationship between text and action, outlining the forms of enunciative praxis through different levels of pertinence analysis. Secondly, we propose the concept of ‘textualization’ as a mediation between text and action: textualizations (photographs, videos, notes) organize and represent practices which are in themselves ephemeral and elusive. Finally, we will consider the textual diagrammatization that we call ‘notation’: this analytical form of mediation between text and practice does not have the same status of in-vivo textualisations, but it works like an ex-post reconstruction which highlights the main gestures and exchanges while performing their grammaticalization. A more general aim of this essay is an enquiry into the legitimate objects of textual semiotics: what are the objects that it can analyze without betraying its principle of immanence, but also without being confined to it and, as a consequence, being unable to analyze practices and respond to topical questions on social issues and on the research in the human sciences? [less ▲]

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See detailPerformance-Based Aid: Why it will probably not meet promises
Paul, Elisabeth ULg

in Development Policy Review (2015), 33(3),

Performance-based aid (PBA) is increasingly advocated as a way to improve development aid effectiveness through resolving incentive issues inherent in aid relationships. Some donors use PBA together with ... [more ▼]

Performance-based aid (PBA) is increasingly advocated as a way to improve development aid effectiveness through resolving incentive issues inherent in aid relationships. Some donors use PBA together with performance-based financing arrangements within partner countries. Expectations from PBA are high – yet, while its rationale may look appealing, it is grounded on a restrictive model and flawed when taking account of real-world context. A number of problems associated to PBA have already been advanced as jeopardising its success. More fundamentally, one may question the mere appropriateness of PBA to provide incentives all along the chain from recipient governments to those who are supposed to produce results. Thus believing that PBA can have a mechanistic trickle-down incentive effect seems an illusion. [less ▲]

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See detailAnisotropy and tension-compression asymmetry modeling of the room temperature plastic response of Ti-6A1-4V
Tuninetti, Victor; Gilles, Gaëtan ULg; Pardoen, Thomas et al

in International Journal of Plasticity (2015), 67

The mechanical behavior of the alloy Ti-6A1-4V is characterized using uniaxial tension, uniaxial compression, simple shear and place strain tests in three orthogonal material directions. The experimental ... [more ▼]

The mechanical behavior of the alloy Ti-6A1-4V is characterized using uniaxial tension, uniaxial compression, simple shear and place strain tests in three orthogonal material directions. The experimental results reveal tension/compression asymmetry, anisotropic yielding and anisotropic strain-hardening. These features are incorporated into an elasto-plastic constitutive law based on the macroscopic orthotropic yield criterion "CPB06" adapted to hexagonal metals. A new identification method for the yield criterion parameters is proposed by inverse modeling of the axial strain field compression specimens in the three orthogonal directions of the material. The sensitivity of different sets of material parameters to the identification method is also analysed and the capacity of the model to accurately predict the forces and displacement field is discussed. A validation of the best set of identified CPB06material parameters is performed by comparing the load-displacement curves in different loading directions for tensile tests on notched round bars with different levels of stress triaxiality and for compression tests on elliptical cross-section specimens, both tests involving multiaxial strain fields and large deformations. [less ▲]

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See detailLa collaboration entre différentes disciplines médicales : ou est le problème ? Etude Partnership in Medicine
Vanmeerbeek, Marc ULg; Govers, Patrick ULg; Schippers, Nathalie ULg et al

Conference (2015, March 27)

Objectifs Les maladies ou problèmes médicaux d’origine professionnelle, ou en lien avec le travail, impliquent à des degrés divers les médecins généralistes (MG), les médecins du travail (MT) et les ... [more ▼]

Objectifs Les maladies ou problèmes médicaux d’origine professionnelle, ou en lien avec le travail, impliquent à des degrés divers les médecins généralistes (MG), les médecins du travail (MT) et les médecins-conseils des mutuelles (MC). Le manque de relation fonctionnelle entre eux peut compliquer ou retarder le retour au travail du patient. L’étude cherchait des pistes d’amélioration de la collaboration. Méthode Deux méthodes de consensus ont été successivement utilisées parmi les trois professions : huit groupes nominaux (GN) ont réunis 74 médecins de terrain; deux rondes Delphi ont concerné 28 décideurs. Résultats Un seul médecin a été perdu de vue entre les 2 tours du Delphi. Les propositions issues des GN concernaient le transfert d’informations (surtout les MT et les MC), la collaboration (surtout les MG et les MT), les connaissances, et le cadre légal et réglementaire (surtout les MC). Cinq questions sur 14 n’ont pas fait consensus (≥75%) au 1er tour du Delphi, et 10 propositions sur 13 ont été rejetées au 2e tour. Les désaccords portaient sur la nature des données à transférer, les modalités de transfert d’information, la disponibilité des données de contact des médecins. Un processus d’évitement spécifique a été mis en évidence. Certains commentaires montraient un déni de la capacité des autres à comprendre son champ professionnel, et une difficulté à considérer leur spécificité propre. Conclusions L’étude montre que le patient n’est pas un objet partagé de la relation. Le modèle Resource Dependence Institutional Cooperation (De Rijk) permet de distinguer les entraves à la volonté de coopérer (dépendance perçue) des limitations dans la capacité à le faire (manque de ressources). Le modèle quadridimensionnel de la collaboration (D’Amour) identifie un déficit d’internalisation du côté relationnel (reconnaissance des autres), et un déficit de gouvernance et de formalisation du côté organisationnel, où des initiatives volontaristes des autorités seraient bienvenues. [less ▲]

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See detailSubjectivations politiques et épreuve de soi. Le cas Sartre/Fanon
Cormann, Grégory ULg

Scientific conference (2015, March 05)

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See detailData in support of metabolic reprogramming in transformed mouse cortical astrocytes: A proteomic study
Bentaib, Azeddine; De Tullio, Pascal ULg; Chneiweiss, Hervé et al

in Data in Brief (2015), 2(0), 1-5

2D-DIGE analysis coupled with mass spectrometry is a global, without a priori, comparative proteomic approach particularly suited to identify and quantify enzymes isoforms and structural proteins, thus ... [more ▼]

2D-DIGE analysis coupled with mass spectrometry is a global, without a priori, comparative proteomic approach particularly suited to identify and quantify enzymes isoforms and structural proteins, thus making it an efficient tool for the characterization of the changes in cell phenotypes that occur in physiological and pathological conditions. In this data article in support of the research article entitled “Metabolic reprogramming in transformed mouse cortical astrocytes: a proteomic study” [1] we illustrate the changes in protein profile that occur during the metabolic reprogramming undergone by cultured mouse astrocytes in a model of in-vitro cancerous transformation [2]. [less ▲]

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See detailRitournelles et territoires professionnels. Le cas des conseillers emploi
Orianne, Jean-François ULg

in Langage et Société (2015), 151

L’objectif de ce texte est d’utiliser le concept de ritournelle pour analyser la formation d’un groupe professionnel dans le champ des politiques d’emploi en Belgique : les conseillers emploi du FOREM ... [more ▼]

L’objectif de ce texte est d’utiliser le concept de ritournelle pour analyser la formation d’un groupe professionnel dans le champ des politiques d’emploi en Belgique : les conseillers emploi du FOREM. L’auteur commence par définir et opérationnaliser le concept, emprunté à Deleuze et Guattari, en suivant les apports des théories de la communication réflexive. Il esquisse brièvement le contexte politique et institutionnel au sein duquel le groupe professionnel apparaît. Ensuite, il analyse trois ritournelles professionnelles, trois procédés de territorialisation des identités professionnelles des conseillers emploi. Il précise, en conclusion, la complémentarité du concept de ritournelle avec celui de rhétorique professionnelle. [less ▲]

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See detailLes Grecs ont-ils étudié le latin ?
Rochette, Bruno ULg

Scientific conference (2015, February 19)

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See detailTypus melancholicus et recommandations pratiques
Ramackers, Amélia; Englebert, Jérôme ULg

Scientific conference (2015, February 16)

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See detailEntre national et local: Louis Jacquinot, archétype du notable modéré
Bour, Julie ULg

Doctoral thesis (2015)

Louis Jacquinot was born in Gondrecourt-le-Château, a common South Meuse in 1898 and died in 1993 in Paris. It remains an unknown figure in the political history. However, it exercises governmental ... [more ▼]

Louis Jacquinot was born in Gondrecourt-le-Château, a common South Meuse in 1898 and died in 1993 in Paris. It remains an unknown figure in the political history. However, it exercises governmental functions under the Third Republic and became a minister under the Fourth and the Fifth Republic. In total, Louis Jacquinot is minister almost twenty times, including Minister of Marine (1943-1945 and 1947), Veterans Affairs (1949-1951), or Overseas (from 1951 to 1954 and 1961 1966). In parallel, the local quarry is important: MP for Meuse from 1932 to 1973, conseiller général and président du Conseil général de la Meuse from 1945 to 1973. The career of this moderate is placed under the sign of longevity. This thesis traces his life, his career and his local and national career. But this biography is devoted to the study and analysis of the recommendation of the elected job. Indeed, the Meuse MP archives contain 17 000 letters of recommendations that support this work. A general analysis of the practice in the department for nearly a century is realized through other sources of archival Meuse elected, including its predecessors (Raymond Poincaré, Jules Develle, André Maginot) and his successors (Jean Bernard). [less ▲]

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See detailQuand la clinique bouscule les concepts
Englebert, Jérôme ULg

Scientific conference (2015, February 11)

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See detailRisk of emergence of a hyperpathogenic bovine leukemia virus by mutation of a single envelope N-linked glycosylation site
De Brogniez, Alix ULg; Bouzar, Amel-Baya; Jacques, Jean-Rock ULg et al

Poster (2015, February 11)

- Introduction : Pathogens have co-evolved with their host to ensure efficient replication and transmission without inducing excessive pathogenicity that would indirectly impair their persistence. This is ... [more ▼]

- Introduction : Pathogens have co-evolved with their host to ensure efficient replication and transmission without inducing excessive pathogenicity that would indirectly impair their persistence. This is exemplified by the bovine leukemia virus (BLV) system in which lymphoproliferative disorders develop in ruminants after latency periods of several years. Infection of sheep and cattle with BLV is a model system for the related human T-lymphotropic virus type 1 (HTLV-1) responsible for Adult T-cell Leukemia (ATL). - Aims : The goal of this work is to investigate the role of N-glycans of the viral envelope protein during viral replication and pathogenesis. - Methods and results : Using glycosylation inhibitors and lectins, we showed that N-glycosylation is involved in viral infection (i.e. cell-to-cell fusion). Using reverse genetics of an infectious molecular provirus, we next demonstrated that a particular N-linked envelope glycosylation site (N230) limits viral replication and pathogenicity in vitro and in vivo. We have thus generated a viral mutant that is more pathogenic than the wild type strain. - Conclusions : To our knowledge, this is the first time that a hyperpathogenic BLV has been identified. This unexpected observation has important consequences in terms of disease control and managing. Indeed, during evolution, pathogens and their hosts should achieve an equilibrium allowing the coexistence of the two species. Occurrence of this particular mutation may thus represent a potential threat associated with emergence of hyperpathogenic BLV strains and possibly of new variants of the related HTLV-1. [less ▲]

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See detailSuppression of Limit Cycle Oscillations using the Nonlinear Tuned Vibration Absorber
Habib, Giuseppe ULg; Kerschen, Gaëtan ULg

in Proceeding IMAC XXXIII A Conference and Exposition on Structural Dynamics, Orlando 2-5 February 2015 (2015, February 03)

The objective of the present study is to mitigate, or even completely eliminate, the limit cycle oscillations in mechanical systems using a passive nonlinear absorber, termed the nonlinear tuned vibration ... [more ▼]

The objective of the present study is to mitigate, or even completely eliminate, the limit cycle oscillations in mechanical systems using a passive nonlinear absorber, termed the nonlinear tuned vibration absorber (NLTVA). An unconventional aspect of the NLTVA is that the mathematical form of its restoring force is not imposed a priori, as it is the case for most existing nonlinear absorbers. The NLTVA parameters are determined analytically using stability and bifurcation analyses, and the resulting design is validated numerically using the MATCONT software. The proposed developments are illustrated using a Van der Pol-Du ng primary system. [less ▲]

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