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261. How to Make a Deal: The Role of Rankings and Personal Ties in Creating Trust in the M&A Market

Author:
Valérie Boussard, Olivier Godechot, and Nicolas Woloszko
Publication Date:
06-2016
Content Type:
Research Paper
Institution:
Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo)
Abstract:
This paper examines the selection of intermediaries in the French mergers and acquisitions (M&A) market, which is an opaque environment. Buyers and sellers cope with uncertainty as to the value of exchanged assets. They thus rely on the help of experts in order to secure deals. But as the valuators might be prone to opportunism, firms need to find a way to trust them. We identify two trust devices: social ties and public rankings. We explore whether these personal and impersonal devices are substitutes, independent or complementary. We study the French M&A market through a mixed-method approach, with both an ethnographic study (76 interviews) and the statistical analysis of 694 M&A deals in France in 2010. We show that both previous contacts and league table rankings of firms contribute to trust and to dealmaking. These trust devices are all the more likely to be used if the deal is risky, especially within the sell side (more at risk). We also find that firms tend to make deals only with other firms at the same level in the league tables: high-status firms tend to make deals together. Finally, we find some evidence of substitution between rankings and personal ties, especially for low-value deals.
Topic:
Economics, International Political Economy, Macroeconomics, and Corporations
Political Geography:
France

262. Could the G-20 Become Coherent on Climate?

Author:
Gwynne Taraska and Henry Kellison
Publication Date:
08-2016
Content Type:
Working Paper
Institution:
Center for American Progress - CAP
Abstract:
The G-20—a forum of 20 of the world’s largest economies—has a record of ambivalence on the topic of climate change. One case in point is the disconnect between the group’s efforts to address climate risks and its efforts to reduce the shortfall in global infrastructure investment. On one hand, the G-20 is aware that investing in projects that are high-carbon or vulnerable to the physical effects of rising temperatures carries risks that could have a destabilizing influence on the global economy. On the other hand, the G-20 is seeking to narrow the infrastructure gap in the absence of a guiding principle that infrastructure investments must be climate-compatible. Members of the G-20 Argentina Australia Brazil Canada China European Union France Germany India Indonesia Italy Japan Korea Mexico Russia Saudi Arabia South Africa Turkey United Kingdom United States In September 2016, world leaders will convene for the G-20 summit in Hangzhou, China. One focus of the climate agenda will be ensuring that the Paris Agreement takes effect in the near term. Negotiated by more than 190 nations and finalized in December 2015, the agreement set many collective goals, including limiting global warming to 1.5 degrees Celsius above preindustrial levels and ensuring that global financial flows are compatible with low-greenhouse gas development.
Topic:
Climate Change, Energy Policy, Environment, and International Cooperation
Political Geography:
Russia, United States, Japan, China, United Kingdom, Indonesia, Turkey, India, South Korea, France, Brazil, Argentina, Germany, Saudi Arabia, Australia, Italy, and Mexico

263. Democratic Civilian Control over the Security Sector: Comparative Legal Documents

Author:
Philipp H. Fluri and Valentyn Badrack
Publication Date:
04-2016
Content Type:
Special Report
Institution:
Razumkov Centre
Abstract:
This publication provides a broad range of examples of national legislation as well as international conventions and instruments related to the democratic oversight of the security sector. The product is designed for stakeholders’ easy reference, be they civil society, democratic institutions, government or the security sector itself. Examples are supplied from, among others, Bulgaria, Canada, France, Norway, Poland and Switzerland.
Topic:
Security, Democracy, Legislation, and Institutions
Political Geography:
Europe, Ukraine, Canada, Norway, France, Poland, Bulgaria, and Switzerland

264. The Mobilization and Recruitment of Foreign Fighters: The Case of Islamic State, 2012–2014

Author:
Almakan Orozobekova
Publication Date:
06-2016
Content Type:
Journal Article
Journal:
Connections
Institution:
Partnership for Peace Consortium of Defense Academies and Security Studies Institutes
Abstract:
This article examines how foreign fighters were recruited and mobilized for Islamic State in 2012-2014. Institutional and individual approaches to this phenomenon form the basis of understanding the mechanisms used for the mobilization and recruitment of foreign fighters. The former refers to a terrorist institution that plays a key role in the recruitment of individuals (top-down/institutional), and the latter refers to the self-radicalization process that foreign fighters undergo (bottom-up/ individual). In particular, the research focuses on an analysis of Islamic State and the recruitment/mobilization of sixteen foreign fighters from Tunisia, Saudi Arabia, France, and the United Kingdom. The analysis shows that both top-down and bottom-up concepts are important but that the extent to which each is used depends on the profiles of the country in question. The study concludes by demonstrating the comparative value of top-down and bottom-up approaches in terms of understanding contemporary terrorist recruitment and providing policy recommendations.
Topic:
Terrorism, Islamic State, and Recruitment
Political Geography:
United Kingdom, Europe, Middle East, France, Saudi Arabia, and Tunisia

265. From the Vatican to Madrid, Paris and Warsaw: “Gender Ideology” in Motion

Author:
David Paternotte
Publication Date:
04-2016
Content Type:
Video
Institution:
Clarke Forum for Contemporary Issues
Abstract:
After decades of steady progress in terms of gender and sexual rights, several parts of Europe are facing new waves of resistance. These oppose the so-called ‘gender ideology,’ and unveil a crucial role of the Roman Catholic Church. This talk by David Paternotte gives an overview of anti-gender movements in Europe.
Topic:
Education, Gender Issues, Religion, Social Movement, Conservatism, Social Justice, and Christianity
Political Geography:
Europe, France, Poland, Belgium, Spain, North America, Vatican city, and European Union

266. The French Counter-radicalisation Strategy

Author:
Romain Quivooij
Publication Date:
12-2016
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
Since April 2014, France has been developing a three-stage counter-radicalisation model, covering the areas of detection, prevention and de-radicalisation. Little has been said in the English literature on the organisation, the effectiveness and the challenges of this approach. France’s centralised tradition led to the implementation of a vertical structure of action dominated by the Interior Ministry. A major difficulty faced by the French authorities is to manage various “profiles” of at-risk individuals, including converts, underage individuals and young women. This illustrates a significant diversification of the groups of population affected by Salafi-Jihadist radicalisation. The French counter-radicalisation strategy is expected to lead the fight against violent extremism, but it remains hampered by divisions over the role of Islam. This bone of contention, which is indicative of the French state and society’s complex relationship with religion, substantially affects the consistency of deradicalisation programmes.
Topic:
Religion, Violent Extremism, Counter-terrorism, and Radicalization
Political Geography:
Europe, Paris, France, and Western Europe

267. FEMALE ACADEMICS IN FRANCE AND THE GLASS CEILING ‘ORGANIZED SCARCITY’?

Author:
Laurence Corroy and Emmanuelle Savignac
Publication Date:
02-2016
Content Type:
Journal Article
Institution:
Department of International Relations, Abant Izzet Baysal University, Turkey
Abstract:
The place of women in the French academic world is often analyzed through the aspects of their place in research or the evolution of women's careers in universities and centers for research. In this article, we propose to consider aspects which have been overlooked by researchers, in particular their place in governing bodies of French universities: Administrative Council, the Council for Research (Conseil Scientifique), the Council of Studies and University Life (Conseil de la formation et de la vie universitaire) and the National University Councils (Conseil national des Universités). These councils have an important role in academic careers. For example, they deliberate about promotions, they decide on sabbatical leave for research, they establish schedules for courses, and they elect researchers to various posts or positions of responsibilities. What our research shows is a very contrasted result: - the place of academic women remains deeply unbalanced in these councils at the places of governance in spite of the parity principles that were introduced by the law in 2013; - women want to be invested in the places of the decision-makers when they have the opportunity to do that. They do not shy from them as it has been suggested in previous research; - but when large numbers of them have the opportunity to secure these places, as in the National University Councils, they are relegated to administrative tasks rather than decisional and political ones.
Topic:
Gender Issues, Feminism, and Academia
Political Geography:
Europe, Paris, France, and Western Europe

268. PORTUGUESE WOMEN IN FRENCH PUBLIC SPHERE: FROM INVISIBILITY TO EMANCIPATION

Author:
Manuel Antunes de Cunha
Publication Date:
02-2016
Content Type:
Journal Article
Institution:
Department of International Relations, Abant Izzet Baysal University, Turkey
Abstract:
This paper aims to examine the representation and role of Portuguese women in French public space. If the media discourses today are still being dominated by the national and masculine figures, it is nonetheless true that the immigration context is often a space of gender roles reorganization. Between a dual legal discrimination in media sphere (being an immigrant and being a woman) and a process of individual emancipation in the spheres of work and family, migrant women outline a process of identity reconfiguration. Our case study focuses on the diachronic analysis of the image of Portuguese women in France (since 1960) from a corpus consisting of thirty samples from emissions of the main TV channels as well as formulated in the framework of the so-called ethnic humour speeches. This case study is limited to the emigration of economic nature, distinct from most graduate migration. Keywords: Diaspora, Portuguese women, television, France.
Topic:
Gender Issues, Mass Media, Diaspora, and Discrimination
Political Geography:
Europe, France, Portugal, and Western Europe

269. Civil society institutions crucial in securing human rights and freedoms

Author:
Bakhrom Babaev
Publication Date:
06-2016
Content Type:
Journal Article
Journal:
Nowa Polityka Wschodnia
Institution:
Faculty of Political Science and International Studies, Nicolaus Copernicus University in Toruń
Abstract:
A roundtable discussion has taken place in Paris to deliberate on the experience of Uzbekistan and France in civil society development The event was organized by the diplomatic mission of Uzbekistan in collaboration with the Institute for Forecasting and Security in Europe (IPSE). Representatives of socio-political, expert-analytical circles and non-state sector of France attended the occasion. Event participants were familiarized with large-scale efforts undertaken in Uzbekistan in encouraging the development of civil society institutions, consolidation of their role and significance in public affairs, in augmenting the socio-economic activity and law culture of the population, ensuring human rights, freedoms and legitimate interests. Organizational and normative measures approved in the framework of implementation of the Concept of Intensification of Democratic Reforms and Formation of Civil Society in the Country triggered keen interest among French experts.
Topic:
Civil Society, Human Rights, Institutions, and Freedom
Political Geography:
Europe, Central Asia, France, and Uzbekistan

270. 2016 Report Card on Nuclear Disarmament, Nonproliferation Efforts

Author:
Elizabeth Philipp and Kelsey Davenport
Publication Date:
07-2016
Content Type:
Special Report
Institution:
Arms Control Association
Abstract:
The report, "Assessing Progress on Nuclear Nonproliferation and Disarmament, 2013-2016," is the third in a series that measures the performance of 11 key states in 10 universally-recognized nonproliferation, disarmament, and nuclear security categories over the past three years. The study evaluated the records of China, France, Russia, the United Kingdom, the United States, India, Israel, Pakistan, and North Korea—each of which possess nuclear weapons—as well as Iran and Syria, which are states of proliferation concern.
Topic:
Security, Arms Control and Proliferation, Nuclear Weapons, and Disarmament
Political Geography:
Pakistan, Russia, China, United Kingdom, Iran, India, Israel, North Korea, France, Syria, and United States of America