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See detailCorporate Disclosures, Information Asymmetry and Stock-Market Liquidity in France
Sougné, Danielle ULg; Ajina, Aymen; Lakhal, Faten

in Journal of Applied Business Research (in press)

This paper aims at studying the effect of corporate disclosures on information asymmetry and stock-market liquidity in France. Specifically, the purpose of this paper is to highlight the importance of ... [more ▼]

This paper aims at studying the effect of corporate disclosures on information asymmetry and stock-market liquidity in France. Specifically, the purpose of this paper is to highlight the importance of information included in the annual reports on investor’s behavior. This is proxied by the information asymmetry component of the bid-ask spread and stock market liquidity. Our sample includes 196 French listed firms over a period ranging from 2004 to 2007. We opt for an explanatory study using OLS regressions to examine the nature of the relationship between information disclosed in annual reports and bid-ask spreads a proxy for information asymmetry and stock market liquidity. The results show that the extent of corporate disclosures in annual reports positively influences the liquidity of the French market and negatively affects the adverse selection component of the bid-ask spread. This effect is further confirmed by the commitment to IFRS by French-listed firms from 2005. The decomposition of the total score in the sub-indices shows that non-financial and financial information are important in trading decisions while strategic information may be attractive only for long-term positions [less ▲]

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See detailVirtual reality as a complementary therapy to sexual addiction treatment
Cismaru Inescu, Adina; Andrianne, Robert ULg; Triffaux, Jean-Marc ULg

in International Journal of Advanced Computer Science (in press), 3(7), 1-5

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See detailTowards a critical philosophy of norms
Pieron, Julien ULg

in de Beistegui, Miguel; Bianco, Giuseppe; Gracieuse, Marjorie (Eds.) The Care of Life : Transdisciplinary perspectives in Bioethics and Biopolitics (in press)

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See detailÀ propos de deux pièges en psychopathologie
Englebert, Jérôme ULg

in Le Cercle Herméneutique (in press), 22

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See detailPalaeogeographical and palaeoecological constraints on palaeozoic vertebrates (chondrichthyans and placoderms) in the Ardenne Massif
Derycke, Claire; Olive, Sébastien ULg; Groessens, Eric et al

in Palaeogeography, Palaeoclimatology, Palaeoecology (in press)

Three chondrichthyan radiations are registered in the Famennian of the Ardenne Massif (Belgium). These radiations are already observed in Morocco and in the Carnic Alps, their acme being related with the ... [more ▼]

Three chondrichthyan radiations are registered in the Famennian of the Ardenne Massif (Belgium). These radiations are already observed in Morocco and in the Carnic Alps, their acme being related with the early expansa transgression. Comparisons of univariate statistical descriptors like Margalef richness and Shannon-Wiener diversity index show variations between both margins of the Palaeotethys, variations interpreted in terms of trophic relationships. The Ardenne area, a northern shallow carbonate platform is characterized during the Famennian by endemic shark taxa with durophagous dentition. The southern open deep-sea area, the Variscan Sea, contains large placoderms probably disclosing a negative feedback on “cladodont” chondrichthyans. This supports the hypothesis that the Armorica platelet behaved like a barrier between the central southern Laurussia and northern Gondwana. [less ▲]

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See detailL'impact de la gestion de la mobilité par les entreprises wallonnes sur les déplacements domicile-travail
Halleux, Jean-Marie ULg; Vandermeer, Marie-Caroline ULg

in Recherche - Transports - Securité (in press)

Although mobility management by employers is an increasingly common practice, literature is scarce on the real impact of the applied measures. In this perspective, the objective of this paper is to assess ... [more ▼]

Although mobility management by employers is an increasingly common practice, literature is scarce on the real impact of the applied measures. In this perspective, the objective of this paper is to assess the impact on car use of the measures adopted by employers located in Wallonia. In order to achieve this objective, the article develops simulations that put forward the impact of the measures based on their interrelations with other modal choice factors. Our assessment leads to the conclusion that measures promoting public transport and car-pooling can reduce solo car driving between 7,2 % and 8,4 %. In contrast to our assumption, measures promoting public transport are less effective in central areas than in urban outskirts. Regarding measures promoting the use of bicycle, the findings suggest that the modal shift occurs from other modes rather than from car use. [less ▲]

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See detailL'art délicat de la prononciation ... néerlandaise
Rasier, Laurent ULg

Article for general public (in press)

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See detailContrastief woordenboek Nederlands-Frans
Theissen, Siegfried ULg; Hiligsmann, Philippe; Rasier, Laurent ULg et al

Book published by Acco (in press)

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See detail100 fautes en néerlandais. Les erreurs des francophones corrigées et expliquées
Hiligsmann, Philippe; Degrave, Pauline; Van Goethem, Kristel et al

Book published by De Boeck (in press)

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See detailDe beklemtoning van samenstellingen in de tussentaal van Franstalige leerders van het Nederlands uit het immersie- en niet-immersieonderwijs
Bui-Anh, Vu ULg; Jouniaux, Anthony; Hiligsmann, Philippe et al

in N/F (in press), 12

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See detailPhénoménologie brentanienne
Dewalque, Arnaud ULg

in Austriaca (in press)

Mon ambition est de mettre en lumière quelques traits distinctifs du programme d’analyse de l’esprit développé par Franz Brentano et les membres de son école. Plus spécialement, je suggérerai qu’il y a un ... [more ▼]

Mon ambition est de mettre en lumière quelques traits distinctifs du programme d’analyse de l’esprit développé par Franz Brentano et les membres de son école. Plus spécialement, je suggérerai qu’il y a un sens à parler d’une authentique phénoménologie brentanienne. J’entends par là un programme de recherche original, distinct notamment de la phénoménologie de Husserl – qui, à partir de 1903, n’est plus conçue comme une psychologie empirique ni, a fortiori, comme une psychologie expérimentale – et de la « phénoménologie » de Stumpf – qui, se rattachant à la tradition plus ancienne d’une Empfindungslehre, désigne exclusivement l’étude des phénomènes sensibles ou des matériaux sensoriels . Ma conviction est qu’un examen attentif des caractéristiques propres à la phénoménologie ou psychologie descriptive d’inspiration brentanienne est une bonne manière de donner un sens à l’expression de « phénoménologie autrichienne » qui a été proposée, dans la littérature, pour désigner le champ d’investigation ouvert par Brentano et les brentaniens. [less ▲]

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See detailA review of inversion techniques related to the use of relationship matrices in animal breeding
Faux, Pierre ULg; Gengler, Nicolas ULg

in Biotechnologie, Agronomie, Société et Environnement = Biotechnology, Agronomy, Society and Environment [=BASE] (in press)

In animal breeding, prediction of genetic effects is usually obtained through the use of mixed models. For any of these genetic effects, mixed models require the inversion of the covariance matrix ... [more ▼]

In animal breeding, prediction of genetic effects is usually obtained through the use of mixed models. For any of these genetic effects, mixed models require the inversion of the covariance matrix associated to that effect, which is equal to the associated relationship matrix times the associated component of the genetic variance. Given the size of many genetic evaluation systems, computing the inverses of these relationship matrices is not trivial. In this review, we aim to cover computational techniques that ease inversion of relationship matrices used in animal breeding for prediction of the following different types of genetic effects: additive effect, gametic effect, effect due to presence of marked quantitative trait loci, dominance effect and different epistasis effects. Construction rules and inversion algorithms are detailed for each relationship matrix. In the final discussion, we draw up a common theoretical frame to most of the reviewed techniques. Two computational constraints come out of this theoretical frame: setting up the matrix of dependencies between levels of the effect and setting up some parts (diagonal or block-diagonal elements) of the relationship matrix to be inverted. [less ▲]

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See detailIdentifying Semitic loanwords in Late Egyptian
Winand, Jean ULg

in Dils, Peter; Grossman, Eitan; Richter, Sebastian (Eds.) et al Language Contact and Bilingualism in antiquity: What Linguistic Borrowing into Coptic can tell us about it (in press)

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See detailEnjeux de la vannerie dans 1 les aires protégées de Madagascar
Guillaud, Sylvie; Vermeulen, Cédric ULg

in Bois et Forêts des Tropiques (in press)

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See detailIntroduction
de Haro Sanchez, Magali ULg; Tissi, Lucia Maddalena

in de Haro Sanchez, Magali (Ed.) "Écrire la magie dans l'Antiquité - Scrivere la magia nell'Antichità". Actes du colloque international (Liège, 13-15 octobre 2011) (in press)

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See detailSimultaneous enforcement of constraints at position and velocity levels in the nonsmooth generalized-alpha scheme
Bruls, Olivier ULg; Acary, Vincent; Cardona, Alberto

in Computer Methods in Applied Mechanics & Engineering (in press)

This paper presents a formalism for the transient simulation of nonsmooth dynamic mechanical systems composed of rigid and flexible bodies, kinematic joints and frictionless contact conditions. The ... [more ▼]

This paper presents a formalism for the transient simulation of nonsmooth dynamic mechanical systems composed of rigid and flexible bodies, kinematic joints and frictionless contact conditions. The proposed algorithm guarantees the exact satisfaction of the bilateral and unilateral constraints both at position and velocity levels. Thus, it significantly differs from penalty techniques since no penetration is allowed. The numerical scheme is obtained in two main steps. Firstly, a splitting method is used to isolate the contributions of impacts, which shall be integrated with only first-order accuracy, from smooth contributions which can be integrated using a higher order scheme. Secondly, following the idea of Gear, Gupta and Leimkuhler, the equations of motion are reformulated so that the bilateral and unilateral constraints appear both at position and velocity levels. After time discretization, the equations of motion involve two complementarity conditions and it can be solved at each time step using a monolithic semi-smooth Newton method. The numerical behaviour of the proposed method is studied and compared to other approaches for a number of numerical examples. It is shown that the formulation offers a unified and valid approach for the description of contact conditions between rigid bodies as well as between flexible bodies. [less ▲]

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See detailInteraction between dietary protein content and the source of carbohydrates along the gastrointestinal tract of weaned piglets.
Pieper, Robert; Boudry, Christelle ULg; Bindelle, Jérôme ULg et al

in Archives of Animal Nutrition (in press)

Although fermentable carbohydrates (CHO) can reduce metabolites derived from dietary protein fermentation in the intestine of pigs, the interaction between site of fermentation and substrate availability ... [more ▼]

Although fermentable carbohydrates (CHO) can reduce metabolites derived from dietary protein fermentation in the intestine of pigs, the interaction between site of fermentation and substrate availability along the gut is still unclear. The current study aimed at determining the impact of two different sources of carbohydrates in diets with low or very high protein content on microbial metabolite profiles along the gastrointestinal tract of piglets. Thirty-six piglets (n = 6 per group) were fed diets high (26%, HP) or low (18%, LP) in dietary protein and with or without two different sources of carbohydrates (12% sugar beet pulp, SBP, or 8% lignocellulose, LNC) in a 2 × 3 factorial design. After 3 weeks, contents from stomach, jejunum, ileum, caecum, proximal and distal colon were taken and analysed for major bacterial metabolites (D-lactate, L-lactate, short chain fatty acids, ammonia, amines, phenols and indols). Results indicate considerable fermentation of CHO and protein already in the stomach. HP diets increased the formation of ammonia, amines, phenolic and indolic compounds throughout the different parts of the intestine with most pronounced effects in the distal colon. Dietary SBP inclusion in LP diets favoured the formation of cadaverine in the proximal parts of the intestine. SBP mainly increased CHO-derived metabolites such as SCFA and lactate and decreased protein-derived metabolites in the large intestine. Based on metabolite profiles, LNC was partly fermented in the distal large intestine and reduced mainly phenols, indols and cadaverine, but not ammonia. Multivariate analysis confirmed more diet-specific metabolite patterns in the stomach, whereas the CHO addition was the main determinant in the caecum and proximal colon. The protein level mainly influenced the metabolite patterns in the distal colon. The results confirm the importance of CHO source to influence the formation of metabolites derived from protein fermentation along the intestinal tract of the pig. [less ▲]

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