“Le moment le plus dangereux pour un mauvais gouvernement est d'ordinaire
celui où il commence à se réformer.”

De Alexis de Tocqueville / L’Ancien Régime et la Révolution

samedi, 26 novembre 2005 / Publié dans Finance, Juridique, Non classé
How do venture investors compare investments in portfolio companies when the amounts invested, the timing of those investments, the returns, and the timing of those returns are all different? The tool venture investors use to compare the rates of return on each investment on an “apples-to-apples” basis is the internal rate of return (also known
samedi, 26 novembre 2005 / Publié dans Non classé, Politique
Introduction La directive européenne sur l’épargne prévoit à partir du 1er janvier 2005 (reporté dans l’intervalle au 1er juillet 2005) un système d’échange d’informations entre les Etats membres de l’Union européenne. Trois pays, à savoir la Belgique, le Luxembourg et l’Autriche, forment une exception. Ceux-ci appliqueront, pendant une période de transition, une retenue européenne à la source (dénommée “prélèvement pour l’Etat de
samedi, 26 novembre 2005 / Publié dans Finance, Non classé, Politique
Foreign companies listed in the USA, as well as those with more than 300 US shareholders[1], are bound by the requirements of the Sarbanes-Oxley Act. It introduces tough new regulations designed to prevent repeats of the Enron and Worldcom scandals. But it’s putting some European companies in bad mood. Around 305 European companies with equity
samedi, 26 novembre 2005 / Publié dans Finance, International, Non classé
Today companies are questioning which class of assets will deliver sufficient return to cover mounting pension obligation. Both analysts and investors want to know how companies are managing their risks effectively. Some experts consider the traditional view that equity investment will provide the best returns over the long-term. But changes in accountancy rules and the
samedi, 26 novembre 2005 / Publié dans Finance, Non classé
During 2004, France has confirmed its position as one of the leading destinations in Europe for Private Equity thanks to several legislative and regulatory changes which contributes to the development of the French Private Equity Sector. Let’s have a look at some statistics published by the Association Française des Investisseurs en Capital (AFIC) and those from European Private Equity &
samedi, 26 novembre 2005 / Publié dans Finance, Non classé, Politique
In a previous article we showed that France, during 2004, has confirmed its position as one of the leading destinations in Europe for Private Equity thanks to several legislative and regulatory changes which contributes to the development of the French Private Equity Sector. Let’s focus on the French Small and Medium Enterprise (PME – Petite
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